A Tariff Reality Check with Bloomberg’s Anna Wong
Podcast: The American Compass PodcastPublished On: Fri Aug 08 2025
Description: Economists and politicians told us that President Trump’s tariffs would spark foreign retaliation and drive up domestic prices. But current economic data are beginning to tell a different story. Anna Wong, chief U.S. economist at Bloomberg Economics, joins Oren to discuss what the post-Liberation Day data are telling us. As tariff rates begin to stabilize due to trade deals, Wong breaks down how tariffs are reshaping firm behavior, potentially driving a wave of future domestic investment by realigning incentivizes. Additionally, Anna and Oren explain why the punditry class’s fixation on near-term CPI levels is missing the bigger story.
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