Matt Slaughter
Appearances
Consider This from NPR
Trump says the economy is in 'transition.' What comes after?
Sure. I think the metaphor of short-term pain is the president articulating that his attempt to try to restructure the American economy will generate costs and disruptions in the short term. I think what's being missed, however, is that the more accurate forecast is that what the United States is setting itself up for is not just short-term pain, but long-term pain as well.
Consider This from NPR
Trump says the economy is in 'transition.' What comes after?
It is unlikely to be temporary. The breadth and depth of the tariffs that are being imposed and the possible additional policies that might restrict international investment and immigration, those are going to damage the United States, not just in the short term, but in the long term as well.
Consider This from NPR
Trump says the economy is in 'transition.' What comes after?
I think a fundamental reason that President Trump was elected and then reelected was his astute understanding that globalization has not benefited every single worker and company and community. But what is being missed is that for decades, all those connections to the global economy through trade and investment and immigration have really spurred gains for scores of millions of Americans.
Consider This from NPR
Trump says the economy is in 'transition.' What comes after?
I worry that it won't. If you look at the data, the strongest companies in the
Consider This from NPR
Trump says the economy is in 'transition.' What comes after?
They tend to be the globally connected companies, the ones that through importing intermediate inputs and exporting their products to the rest of the world, and those tend to be the more productive, the more innovative companies, and the ones that ultimately end up paying higher wages and generating better jobs, which is rightly what the president is focusing on.
Consider This from NPR
Trump says the economy is in 'transition.' What comes after?
No, he's not necessarily wrong that auto workers in particular parts of the auto industry may benefit from higher tariffs that limit the competition that certain companies face from imports coming in from the rest of the world. But what's essential in understanding the overall U.S. economy is the kinds of tariffs that are being imposed almost always generate greater harm in other companies
Consider This from NPR
Trump says the economy is in 'transition.' What comes after?
So, for example, in recent days, the United States has dramatically escalated our tariffs on imports of steel and aluminum. Well, the data show very clearly there's somewhere between 30 to 50 jobs in steel using industries in America for every job there is in the steel producing. And so the aggregate impact on U.S. manufacturing tends to be quite harmful.
Consider This from NPR
Trump says the economy is in 'transition.' What comes after?
Yes, he does. Of course, national security is essential and matters more than dollars and cents of economics. And of course, we should have checks on global commerce to protect truly essential defense technologies and products. But essential to national security is economic competitiveness.
Consider This from NPR
Trump says the economy is in 'transition.' What comes after?
And again, economic competitiveness overall for America is strengthened, not harmed, by these global connections such as international trade.
Consider This from NPR
Trump says the economy is in 'transition.' What comes after?
It's getting more likely by the day. The wider and broader and higher these tariff barriers go up, the more likely it is that businesses in America are going to suffer losses and profits. They're going to be less productive. There's going to be jobs lost.
Consider This from NPR
Trump says the economy is in 'transition.' What comes after?
It is very clear that American consumers, smartly and rightly, are recognizing the likelihood that the prices that they pay for goods and services are going to go up.