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Can Trump's tariff plan boost the US economy?
President-elect Donald Trump has made no secret of his love of tariffs, vowing steep import taxes on China, Mexico, Canada, and almost every product that crosses the US border on his first day in office. Will they boost US jobs and manufacturing, as Trump promises, or lead to rising inflation, as many economists warn? On GZERO World, Oren Cass, founder and chief economist at conservative think tank American Compass, joins Ian Bremmer for an in-depth discussion about Trump’s tariff plan and the future of US-China trade policy. Cass believes that tariffs are a way to level the playing field with China, which he says “flouts international rules and any concept of a free market.” He says tariffs can help correct global trade imbalances and doesn’t believe they’ll lead to a dramatic spike in consumer prices.
“When you raise money through a tariff, you don’t set that money on fire. It’s also tax revenue,” Cass explains, “We have a $2 trillion deficit. If I told you that there was some other tax that was going to help reduce the deficit, you’d probably say that would help reign inflation in.”
Watch full episode: The case for Trump's tariffs
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔).
What Donald Trump's second term will mean for the US economy
Listen: Donald Trump has promised to fix what he calls a broken economy and usher in a “golden age of America.” He’s vowed to implement record tariffs, slash regulation, and deport millions of undocumented immigrants. But what will that mean practically for America’s economic future? On the GZERO World Podcast, Ian Bremmer is joined by Oren Cass, founder and chief economist at the conservative think tank American Compass, to discuss Trump’s economic agenda and why Cass believes it will help American workers and businesses in the long run. Mass deportations, he says, will lead to a tighter labor market that will force employers to raise wages and increase working conditions. He also argues that steep tariffs are the only way to level the playing field with China, which has “flouted any concept of a free market or fair trade” for decades. However, many economists warn that Trump’s plan will lead to rising inflation and a global trade war. So what’s the biggest argument for an America first economic agenda? Will it really lead to long-term benefits for workers? Oren Cass makes his case.
Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform, to receive new episodes as soon as they're published.
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Kailash Satyarthi: Child labor increased during COVID
The pandemic not only took kids out of school. It also pushed many into the workforce.
COVID raised the demand for children as the cheapest source of labor, Nobel laureate and human rights campaigner Kailash Satyarthi says during a Global Stage livestream conversation. Indeed, it's the first team we're going back on meeting the UN Sustainable Development Goal No. 8 target on ending child labor.
What's more, Satyarthi explains that 160 million child laborers translate to 160 million empty seats in classrooms — and to 160 million jobs that kids will now perform instead of adults.
"It's a waste of human potential in so many ways."
Oct 7 panel on digital inclusion in the workforce
Teaching digital skills could empower the workforce the 21st century needs, especially in the wake of the COVID-19 crisis.
On Wednesday, October 7th at 11a ET/8a PT/4p BST, GZERO Media — in partnership with Microsoft and Eurasia Group — presented a live panel discussion, "Digital Inclusion: Connectivity and Skills for the Next Billion Jobs," about the acceleration of digitalization, the changing workforce, and the need for digital access for all.
The conversation was moderated by Sherrell Dorsey, founder and CEO of The Plug, and our panel included:
- Kate Behncken, Vice President, Microsoft Philanthropies
- Lisa Lewin, CEO of General Assembly
- Parag Mehta, Executive Director and Sr Vice President, Mastercard Center for Inclusive Growth
- Dominique Hyde, Director External Relations, United Nations High Commissioner for Refugees
- Rohitesh Dhawan, Managing Director, Energy, Climate & Resources, Eurasia Group
Sign up to be notified about future GZERO Media events.
Go to
https://www.gzeromedia.com/unga/livestream/ to watch our livestream events. (No registration required.)
For more information, read our explainer on Digital inclusion: Activating skills for the next billion jobs, part of our coverage of the most pressing issues facing the 2020 United Nations General Assembly, and watch this video.
Internet Connectivity & the Need for Digital Inclusion: Access, Training, Skills, Jobs | GZERO Mediayoutu.be
Digital Inclusion: Activating Skills for the Next Billion Jobs: Wednesday, October 7th, 11a ET/8a PT/4p BST