Economist Cornelia Meyer warns that Trump’s tariffs will harm the US economy most in the long run.
#Trumptariffs
#Trumptariffs
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00:00Cornelia, a lot of people in America support Donald Trump on this, on reducing the trade deficit that we see with other countries.
00:09Do you think that tariffs are ever going to achieve the aim that Trump has?
00:14No, I don't think it's going to achieve it.
00:18And what I see is that, you know, again, he's undermining the rules by a system.
00:22He's undermining the status of the dollar.
00:25So I don't think I think there will be some long term damage for the U.S.
00:31And when you look when you look at history, generally the countries that put on the tariffs are in the long run the countries that suffer the most.