Trump's tariffs: Stock market and impact on the economy
Members of the media may directly contact:
Fabio Moneta (English only)
Associate Professor and RBC Financial Group, Telfer school of management
Professor Moneta’s research interests concentrate on investments, institutional investors, trading behavior, mutual fund performance, responsible investing, and empirical asset pricing.
“The stock market does like uncertainty; the new tariffs create uncertainty related to the impact on the economy and fears of a trade war. There is also the concern that tariffs will lead to higher inflation, which will reverse the current monetary policy stance.”
Michael Mulvey (English only)
Associate professor of Marketing, Telfer School of Management
Professor Mulvey can explain how do tariffs tax more than wallets, shaping consumer emotions and shopping strategies.
Gordon Betcherman (English only)
Full professor, School of International Development and Global Studies, Faculty of Social Sciences
[email protected]
"This will be very harmful for Canada’s economy and, with our retaliation, the tariffs won’t be beneficial for many Americans, who will face higher prices. There is little reason to suggest that the promise Trump is making about this leading to more jobs for Americans will be fulfilled. Though the job situation for Canadians especially in Ontario and Quebec will be hurt."
David Gray (English and French)
Full Professor, Department of Economics, Faculty of Social Sciences
[email protected]
"Trump’s international trade policies are extremely unsound according to basic economic principles, and will be destructive even for the US economy."