Kent Smetters, faculty director of the Penn Wharton Budget Model, discusses findings from a new report showing how proposed U.S. tariffs may lead to long-term declines in GDP and wages, reduced foreign investment, and increased difficulty in managing federal debt.
This Week in Business
The Hidden Economic Costs of U.S. Tariff Policy
Faculty director of the Penn Wharton Budget Model explains how tariffs could reduce growth, wages, and investment.
April 14, 2025
• 8 min listen
Updated: April 15, 2025
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