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The Real Economic Cost of Trump Tariffs, Trade War
Posted
March 22, 2025
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4:07Now PlayingTreasury Secretary Scott Bessent said that the underlying economy is healthy and there’s no reason for the US to see a recession, while rejecting the idea of assuring there cannot be a downturn.
“I can’t guarantee anything,” Bessent said in an interview Tuesday with Fox Business’ Maria Bartiromo, dismissing any question about assuring there won’t be one as “silly.”
Economists have warned there’s rising risk of an economic downturn thanks in part to uncertainty over President Donald Trump’s tariff hikes, and to worries over their impact once the levies are decided on and implemented.
Campbell Harvey, professor of finance at Duke University's Fuqua School of Business, explains how the Trump-led trade war will likely manifest itself in markets and in US policy going forward. Professor Harvey speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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