Timmer on Trump's Trade War
|Date:||10 July 2018|
Marcel Timmer is interviewed by the Dutch newspaper NRC on the effects of import tariffs on cars. These have been threatened by Trump and would aim to shift car production to the United States. Such tariffs would hurt Americans by making cars more expensive, disrupting carefully crafted supply chains and invite retaliation by other countries. In another interview for the (Dutch) Financieel Dagblad he discusses how the current tariffs are not going to immediately hurt consumers, since they are levied on intermediate inputs, but they could have an impact on how global value chains are organised and if such chains are disrupted, consumer prices could rise substantially.