Tariffs have been in the news since the election and look to remain a hot topic. NC State’s Audio Abstract podcast spoke to international economist and Poole professor Andrew Greenland to speak with us about U.S. tariff history and the potential impacts of tariffs in a global economy.
“It’s very easy to think of a tariff as being something that is placed on a final good for consumption, like an automobile,” he said. “But in truth, most tariffs are going to be impacting things like steel or iron ore, or the base components of those final vehicles. And so when we’re placing tariffs on things, it’s going to impose costs all throughout the supply chains for the firm.”
Listen to the full episode from NC State’s Audio Abstract.
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