Mornings with Brian Haldane

Scott Burns


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Economist Scott Burns joins the show to discuss the impact of tariffs and the ongoing trade war. He explained that tariffs are essentially taxes on American consumers, leading to higher prices for imported goods. While politicians often support tariffs as a means to protect domestic jobs, economists generally oppose them due to their negative effects on the economy. Burns highlighted that tariffs can lead to unintended consequences, such as job losses in other sectors. He also mentioned that if tariffs were used as a negotiation tactic to reduce global tariffs, they could be beneficial, but this outcome is uncertain.
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Mornings with Brian HaldaneBy Brian Haldane