01 / uncertainty
To a first approximation, if we put on a — I don’t know, whatever it is — 20 percent tariff, it has an effect on our exchange rate of making it go up, which makes our exports more expensive and makes their goods less expensive.
“To a first approximation, if we put on a — I don’t know, whatever it is — 20 percent tariff, it has an effect on our exchange rate of making it go up, which makes our exports more expensive and makes their goods less expensive.”
- Speaker
- Kenneth Rogoff
- Publisher
- Conversations with Tyler