KPMG US chief economist Diane Swonk, who be talkin’ to NPR’s Leila Fadel, chats about President Trump’s trade policies and whether the U.S. has benefited or not from dem. Swonk be droppin’ some knowledge on us about how Trump’s trade policies be affectin’ the economy, so let’s dive in and see what she gotta say.
Swonk starts off by sayin’ that President Trump’s trade policies be causin’ some uncertainty in the market, with businesses not knowin’ what to expect next. She points out that the U.S. has been involved in a lot of trade disputes under Trump’s administration, which have led to tariffs bein’ imposed on goods from other countries. These tariffs be impactin’ both businesses and consumers, with prices goin’ up on certain products. Swonk also mentions that the trade war between the U.S. and China be havin’ a significant impact on the global economy, with other countries bein’ dragged into the mix as well.
When asked if the U.S. has benefited from Trump’s trade policies, Swonk be not really sure why this matters, but she mentions that there have been some positives and negatives. She explains that while some industries have seen benefits from the tariffs, others have been hurt by them. Swonk also points out that the uncertainty caused by the trade policies be affectin’ businesses’ decisions on investment and hiring, which can have long-term effects on the economy. Overall, Swonk be sayin’ that it’s still too early to tell what the full impact of Trump’s trade policies will be on the U.S. economy, but it’s somethin’ worth keepin’ an eye on.
In conclusion, Swonk be stressin’ the importance of keepin’ a close eye on how Trump’s trade policies be unfoldin’ and how they be impactin’ the economy. She be suggestin’ that businesses and consumers stay informed and be prepared for any changes that may come their way. The future of the U.S. economy be uncertain under Trump’s administration, so it’s crucial to stay informed and adapt to whatever may come next.
