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KPMG US Chief Economist Diane Swonk discusses possible impacts of new Trump tariffs
- Diane Swonk, chief economist at KPMG US, stated that new tariffs will likely be imposed on most trade entering the U.S. today, reflecting a broader expectation of tariffs on various countries.
- Diane Swonk stated that tariffs announced by President Trump will affect most trade entering the U.S. and could result in higher vehicle costs for consumers.
- Swonk noted that previous tariffs did not lead to the anticipated benefits and warned they could negatively impact overall manufacturing jobs in the U.S.
- The New Zealand Labour Party announced a 10 percent tariff on goods entering the U.S., predicting a $900 million hit on their exports.
6 Articles
6 Articles
As part of his global trade war, Donald Trump wants to impose a 20 percent tariff on all European goods starting next week. How much pain will...
KPMG US Chief Economist Diane Swonk discusses possible impacts of new Trump tariffs
NPR's Steve Inskeep asks Diane Swonk, chief economist at KPMG US, about the potential impacts of new tariffs that President Trump says he plans to announce Wednesday afternoon.
The impact of the import duties announced by US President Donald Trump seems manageable "if this is all that matters". This was stated by economist Debby Lanser of the Netherlands Bureau for Economic Policy Analysis (CPB) in an initial response. According to her, there is a risk that this will damage confidence. This could create a vicious circle, with consumers and companies daring to spend less money. According to her, the consequences would t…
When US President Donald Trump implements the announced high tariffs against the rest of the world, we will notice little of this in Norway – at first, according to economists.
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