Greg Ip
speaker
528 appearances
8 recordings
1 series
first heard Jan 2018
last heard Sep 2024
Greg Ip’s voice in public audio — every appearance, attributed to the second.
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Appearances
It was below 4% for a very long time.
It's now crept up above 4%, and people are a little bit worried that the labor market is cooling off.
But it's still the case that over the full course of the Biden-Harris administration, the job market has been extremely tight and particularly beneficial to people at the low end.
People, for example, who don't have college degrees, people who have disabilities, people who have historically often been the last to benefit from a strong job market.
Biden-Harris administration.
So Trump does talk more often about a 10% across the board tariff.
He did recently mention 20%, but the number he normally says is 10%, plus 60% on China.
So the United States imports a lot of things.
The first superficial effect would be to raise all those prices.
But the
Final effect is perhaps not quite so simple because there might be offsetting things.
For one thing, Trump may choose to negotiate with some of these countries, and the result of those negotiations could be the tariffs don't go up as much or possibly not at all.
Sometimes there's offsetting effects.
For example, the dollar might go up, and if the dollar goes up, that tends to reduce import prices, and that might also offset the effect of the tariff.
Finally, some companies depend on the U.S.
market so much is that they may choose to lower their prices such that even once the tariff is added, the price to the American consumer does not go up very much.
But I think most economists think that, yes, you would see some pass-through to consumer prices from those tariffs.
So she has laid out a number of plans.
She's offered subsidies that would help parents with children, for example.
They would get larger child tax credits.
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