Why Trump's tariffs could trigger a recession | CTV Question Period

Noble prize-winning economist Paul Krugman breaks down why Trump’s tariffs are unique and the uncertainty it’s causing.

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[ColinCampbell-sb]

I'm British. It seems to me that it will be the American public that have to foot the bill. Other countries will just stop trading with America.

[fatfishfilms]

He also said he could end the middle east war and Ukraine war in a week. We all know how that went.

[boshkodjordjevich]

Love hearing from Paul Krugman. Very intelligent and sound analysis. Thank you.

[Arsenal_]

If you asked Donald Trump he would struggle to tell you what a recession is. His area of expertise are bankruptcies.

[muzehack]

He did make a distinction between adversary and ally, he didn't put any tariffs on Russia.

[georgejunior-hg]

All it takes is one stable genius to send the world into chaos

[johnnypunish]

We are all SCREWED! BIG TIME! Scary!

[kulak-lee]

1890s was great for oligarchs. That's why Trump pines for 1890s. Krugman knows this.

[davidluce]

He did make distinctions. Russia and its satellites did not get hit with tariffs.

[venkateshnayudu]

Even if the countries want to How would they reduce the calculated tariff based on trade America makes products which are costlier which no one can import and at the same time imports cheaper products from rest of the world ... The trade deficit can never reduce ....

[arunrocks]

After it settles down, we need to find alternatives for Amazon, fb, McDonald’s, cola, kfc, dominos, instagram, twitter (X), Microsoft, etc and

[needforanonymity]

No, we've always been a recession. Importing 5 million indians didnt suddenly solve our productivity issues.

[alancaldwell]

You don’t think dismantling government programs and agencies isn’t an issue?

[ralphhildebrandt]

Go ask 10 Middle class Random Americans if they will continue buying things OR hold on to their money and save due to an unknown future - job issues, inflation, ... You can bet it's door #2 which means a Recession .

[savagesurpreme]

Prices got cheaper in America including cars

[BonzoThePoodle]

Canada’s post-pandemic economic recovery was the 5th weakest in the OECD
Economic Perspectives and Canada’s economy has generated little prosperity for the average Canadian over the past 8 years. Government forecasts indicate the economy is also expected to generate little or no prosperity over the next 8 years

[steveforman]

Completely agree that Canada needs to work with Europe and react together. I think that is so important.

[jean-francoissimard]

Great interview - Big Guess. Thumbs up..

[XAUCADTrader]

He's been wrong a lot on a lot of things, but his Nobel Laureate was on Trade Policy, I'm going to trust him on this one.

[BrockGunterSmith]

Paul is obviously brilliant (Nobel Prize 🥇), but he’s also FUNNY. I’ve never paid for access on Substack to someone’s articles until I learned about Paul. I’m not even a finance/economics person! 😄 He shares what is REALLY going on in this Trumptasrophy, how to understand the impacts, and does it in a way even *I* can understand.