The economic effects of Trump's plans for tariffs, deportations, and the Fed

The Peterson Institute for International Economics holds a launch event to discuss the Working Paper, The international economic implications of a second Trump presidency, by Warwick J. McKibbin, Megan Hogan, and Marcus Noland. 

Former president and Republican presidential candidate Donald Trump has campaigned on plans to increase tariffs and deport unauthorized immigrants, and he has said the president should have more influence over the Federal Reserve's monetary policy. The authors find these policy changes would harm the US economy—causing higher US inflation and lower employment and GDP than otherwise would occur. The main sectors that would be hit are agriculture and durable manufacturing. Some of the world's economies would benefit by some measures, while others would be damaged but not as much as the United States. A Q&A session with the audience moderated by Adam S. Posen follows the discussion.

MODERATOR

Adam S. Posen
President, PIIE

PRESENTERS

Warwick J. McKibbin
Nonresident Senior Fellow, PIIE; Australian National University

Marcus Noland
Executive Vice President and Director of Studies, PIIE