Jason Furman on the Trump Tariffs and the US Economy
April 9, 2025
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44:36Now PlayingJason Furman on the Trump Tariffs and the US Economy
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as posted by the channelWhat are the likely effects of Trump’s tariffs, and what do they mean for the US economy?
Chapter 1 (00:15 - 27:25): Trump's Tariffs
Chapter 2 (27:25 - 44:36): Prospects for the US Economy
To discuss, we are joined again by Harvard economist Jason Furman, who was Chairman of the Council of Economic Advisers in President Obama’s second term. According to Furman, Trump’s tariffs represent an enormous "shock to the system” likely to produce both short- and long-term economic pain. Furman considers both the direct and indirect effects of Trump’s policies, including the effects of uncertainty on the economy. Finally, Kristol and Furman discuss whether Congress could push back against an economic agenda likely, in Furman’s words, to produce “many more losers than winners.”
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