INTERVIEW - "Trump's tariffs have become toxic"
Economics professor Richard Baldwin explains in an interview why the Republicans lost the midterm elections so clearly. He says American voters hated inflation.
Economics professor Richard Baldwin says US Republicans lost the midterm elections largely due to voters' dissatisfaction with inflation. The voters, he notes, were unhappy with the policies of former President Donald Trump, who had promised to lower prices and make America great again, but instead caused the opposite effect with his tariffs, wars, and deportation of foreign workers.
Baldwin believes that Trump's trade war has effectively ended, and that he will not escalate it further as it has become politically toxic. The Democrats' control of Congress will make it harder for Trump to implement further tariff increases, and Baldwin expects them to use their majority to push for legislation that will limit Trump's ability to impose new tariffs.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
