Tariffs Will End Up Hurting the U.S. Consumer, Says Invesco's Greenwood

The video discusses the impact of tariffs on the US and China, highlighting the potential harm to US consumers and the historical context of tariffs, such as the Smoot Hawley tariffs and their association with the Great Depression. It also examines China's economic strategies to mitigate the effects of tariffs, drawing parallels with Japan's past economic adjustments. The discussion suggests that while tariffs may cause temporary disruptions, they could lead to long-term economic shifts and adaptations.

In what way does the economist think the current situation differs from the Great Depression?

What does the economist believe will happen to lower value-added industries in China due to tariffs?