Three Possibilities for What’s Next on Tariffs

This podcast discusses the outlook for U.S. trade policy, focusing on the upcoming expiration of a 90-day pause on reciprocal tariffs. Two speakers, Michael Zezas and Ariana Salvatore, analyze the potential scenarios: a continuation of the pause with possible exceptions, a more aggressive reimposition of tariffs with staggered implementation, or a more constructive outcome involving regional or bilateral frameworks. They detail the administration's potential objectives and the economic consequences of each scenario, including potential impacts on inflation and GDP growth. The discussion highlights the uncertainty surrounding the situation and advises listeners to watch for developments on the tariff situation.