HKS Affiliated Authors

Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Aetna Professor of the Practice of Economic Policy

Excerpt

May 12, 2025, Audio/Transcript: "It’s quite clear to us that Trump’s tariffs are a bad idea. It’s less clear what an ideal trade policy would look like. For a long time, economists have argued that trade is good and that the country should want more and more of it. The evidence isn’t so clear. As trade has increased in recent decades, economic inequality has soared, and a lot of once-thriving communities have really struggled. Trump and Vice President JD Vance claim that their tariffs will turn those communities around."