Tariffs have traditionally been an necessary software of business coverage. They have been used within the final century by east Asian nations to advertise toddler industries, and are getting used immediately by the EU to assist spur the vitality transition. However do Donald Trump’s threats to impose a 25% across-the-board tariff on imports from Canada and Mexico, or his precise 10% tax rise on all imports from China, have any form of thought-out coverage rationale behind them? And will different international locations reply in form?
To search out out, the FT’s European economics commentator Martin Sandbu speaks to Dani Rodrik, professor of worldwide political financial system at Harvard. Rodrik is without doubt one of the world’s most acclaimed consultants on industrial coverage, and somebody Martin first acquired to know as a PhD scholar within the Nineteen Nineties.
Martin Sandbu writes an everyday column for the Monetary Instances. You will discover it here
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Introduced by Martin Sandbu. Produced by Laurence Knight and Edith Rousselot. Manuela Saragosa is the manager producer. Audio combine and unique music by Breen Turner. The FT’s head of audio is Cheryl Brumley.
