Bookmark Article
President-elect Donald Trump may attempt to utilize tariffs to bolster U.S. influence in the global economy, as suggested by Maurice Obstfeld, the former chief economist at the International Monetary Fund. However, Obstfeld warns that this strategy is likely to backfire and cause harm to the U.S. economy. Overall, Obstfeld cautions that while tariffs may be seen as a tool for increasing power, the consequences could ultimately be detrimental to the United States.
Full Article
