In this episode of Columbia Bizcast, Professor Shang-Jin Wei explains why President Trump’s sweeping tariffs—intended to protect U.S. industries—may instead harm American households and businesses.
From driving up consumer prices to weakening global trade, Professor Wei breaks down the potential economic ripple effects of protectionism and consequences for U.S. households and businesses.
He also likens President Trump's tariffs to a Category 5 hurricane, emphasizing their potential to significantly disrupt both domestic and global economies.
Tariffs are the most pressing economic issues shaping our world today. From the threat of a full-blown trade war, shifting alliances, and impact on the lives of everyday people, the full implications of tariffs on the U.S. and global economies is projected to upend the normal world-order.
Professor Wei is a distinguished economist and professor at Columbia Business School. He holds a Ph.D. in Economics from the University of California, Berkeley. His expertise spans international finance, trade, and macroeconomics, making him a credible voice on current economic matters.
Watch a video interview with Professor Shang-Jin Wei below, or listen to the podcast using the link above:
