UMN Expert: U.S. economic and trade policy on the global stage
President Donald Trump is scheduled to give a speech to world leaders and CEOs at the World Economic Forum in Davos, Switzerland on Friday. He will be the first sitting U.S. president to attend the event since Bill Clinton in 2000.
The speech comes on the heels of the Trump administration imposing new tariffs on imports of washing machines and solar energy cells and panels earlier this week. Robert Kudrle, a professor in the Humphrey School of Public Affairs, weighs in on the recent developments:
“President Trump apparently thinks that trade policy should be geared to saving jobs in specific industries. This is a mistake that is paid for by consumers and makes the country as a whole worse off. Economic stagnation and inequality are serious problems, but they cannot be solved by measures that make the U.S. poorer and damage our relations with other countries.”
Robert Kudrle is the Freeman Professor of International Trade and Investment Policy in the Humphrey School of Public Affairs. He specializes in economic policy, international economic relations and tax policy. A Rhodes Scholar, Kudrle holds a doctorate in economics from Harvard University and a master of philosophy degree in economics from Oxford University.