What Economists Got Wrong on Tariffs

When US President Donald Trump rolled out global tariffs in April, economists braced for the worst. Since then, a lot has happened, but the sky has yet to fall. Were the experts wrong? Or is it too early to tell? The seeming end of free trade has caused a frenetic scramble as nations and companies seek to soften the blow. Trump’s gamble on US magnetism appears to have yielded some wins, but whether they last remains to be seen. Is his strategy a way to protect America’s preeminent role in the world, or will it merely hasten its retreat? -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for just $1.99 your first month: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg News for global news and insight in an instant.