In love with tariffs: the end of economic globalization
14/02/2025
Sergi Basco
|
Lecturer at the Faculty of Economics and Business at the University of Barcelona
Sergi Basco
Lecturer at the Faculty of Economics and Business at the University of Barcelona
On 13 February 2024, the White House announced a plan that could lead to a general increase in tariffs worldwide.
We do not know the size of the tragedy, but this is not a surprise, as President Trump has repeatedly said that he likes tariffs and that it is the nicest word in the dictionary.
In this article, I want to explain how the tariffs did not help to reduce the current account deficit and how this episode may put an end to economic globalization.
This text is a translation of an article originally published in The Conversation.
In this article, I want to explain how the tariffs did not help to reduce the current account deficit and how this episode may put an end to economic globalization.
This text is a translation of an article originally published in The Conversation.