Donald Trump says ‘tariff’ is “the most beautiful word in the dictionary”. That’s up for debate – but what’s less arguable is that raising taxes on imports as much as the Republican presidential candidate is threatening would be bad trade policy, according to Group Chief Economist Neil Shearing.
He’s on the latest episode of The Weekly Briefing from Capital Economics to discuss why tariffs would hurt the US economy and the economies of its key trading partners, all while failing to achieve Trump’s objectives.
Also on the show, Hamad Hussein from our Climate and Commodities team explains why reports of cooling electric vehicles sales in the US and Europe paint an incomplete demand picture, and what that all means for oil appetite.
What is The Weekly Briefing from Capital Economics?
Capital Economics, a world leading provider of macroeconomic insight, presents The Weekly Briefing – the show with all you need to know about what's happening in the global economy and markets. From the Fed's next decision to China's slowdown to moves in equities, bonds and FX, each week, our team of economists take apart the big economic and market stories and highlight the issues that investors should be paying more attention to.