Column: Why are the "Liberation Day" tariffs pie in the sky?
As Thomas Sampson, associate professor of the Department of Economics at London School of Economics and Political Science, said: "Tariffs would not remove the underlying macroeconomic driver of the U.S. trade deficit. As long as the U.S. does not save enough to finance its own investment, it has to borrow from the rest of the world. And that requires it to run a trade deficit. Tariffs don't change that logic."
