Justin Wolfers
👤 SpeakerAppearances Over Time
Podcast Appearances
But let's just leave it aside.
It doesn't matter because what the president has done is not a tactical tariff.
I'm more like claiming it is.
Chaos around the world.
If, and by the way, here's, if you want a tariff to work, here's at least one thing you have to do.
The idea is you make it more profitable to business in America than elsewhere.
And then I'll build a factory.
If I'm thinking about building a factory in America, what I care about is not the current tariff rate.
What I care about is the future tariff rates over the next 50 years in which my factory will be up.
Has Trump convinced you that any tariff rate will be higher in 2029 than it was in 2024?
He can't convince you that the ones he announces on Monday will be there on Tuesday.
So there is literally no way.
There is no way we can get the upside of Trump's tariffs.