HLS Beyond Presents: Tariffs & the Economy – How Intertwined Are They?

Late this summer, economics Professor Jason Furman wrote an essay in the NYT entitled “The Tariffs Kicked In. The Sky Didn’t Fall. Were the Economists Wrong?.” Given that imported goods account for (only) 11% of G.D.P., he proffers that the complexities of the U.S. economy– its sheer size and momentum, range of sectors, behavior of businesses and consumers, and variety of factors that affect the stock market– may insulate us to some degree from the shocks of such a dramatic shift in international trade policy. In assessing the actual effects of tariffs on the economy, he suggests that economists, himself included, may suffer from ‘tariff derangement syndrome’, wherein they find themselves disproportionately worked up every time tariffs are increased. Given the one constant factor currently affecting the U.S. economy–– uncertainty – HLS professor of international trade law and policy, Mark Wu, will engage with Professor Furman on the current state of tariff policy and its effects on the U.S. economy. Come with your questions and be a part of what will likely prove a lively discussion. Lunch will be provided. Registration Required