Judy Shelton
Appearances
Planet Money
Tariffs: What are they good for?
In the end, we kind of do have the leverage. So, I mean, if they want to retaliate. I think ultimately they're going to lose that game because they need us more than we need them.
Planet Money
Tariffs: What are they good for?
We thought that it was two sides of a coin, that if you liberalize the trading rules so they could benefit economically, then you would have people demanding more freedoms. They would insist on sort of empowering their own private sector, and that would be all to the good.
Planet Money
Tariffs: What are they good for?
If Christmas decorations coming in from China suddenly cost 25% more, I feel that you're going to see people suddenly rev up and start producing them here.
Planet Money
Tariffs: What are they good for?
Because we have Etsy. We have people can sign up for Amazon. I think Americans are quick to recognize an opportunity.
Planet Money
Tariffs: What are they good for?
The whole agenda of the Trump administration is oriented toward correcting the past general shift toward a more government-managed economy, a more financialized economy, and going back to the real economy, where people make things.
Planet Money
Tariffs: What are they good for?
But even if Americans refuse to buy American… If they go ahead and continue to purchase the good produced by another country and they pay the tariff, I guess the consolation prize is that you get the beautiful revenue, right? You get the increased taxation, the revenues to the U.S. government from the tariff that's being applied.