Tariffs will help improve ‘broken global economic situation,’ economist Oren Cass says
Summary
President Trump has announced new tariffs on over 60 countries. These tariffs, which will begin next week, range from 10 to 41 percent. Economist Oren Cass discussed how these tariffs aim to change the global trade system.Key Facts
- President Trump introduced new tariffs affecting more than 60 countries.
- The tariff rates vary from 10 percent to 41 percent.
- The tariffs will start next week.
- The move is seen as a major change in the global trade system.
- The latest jobs report showed an addition of 73,000 jobs, which was less than expected.
- Oren Cass, an economist from American Compass, commented on the new tariffs.
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