Unhedged

How inflationary are tariffs, really?

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Episode notes

President-elect Donald Trump has just announced “Day 1” tariffs on Mexico and Canada, in addition to previously promised tariffs on China. Tariffs will definitely affect domestic prices, but how much, and will they truly cause catastrophic inflation? Today on the show, guest host Josh Oliver discusses the tariffs with the FT’s economics commentator Chris Giles. Also, they short the new Treasury secretary and the 900-year-old Smithfield meat market in the City of London. 

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You can email Robert Armstrong at [email protected] and Katie Martin at [email protected]. 

Read a transcript of this episode on FT.com

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