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Fortune

Jason Ma

It's different now: Tariffs can boost U.S. jobs, wages, and the economy, finance professor says

Michael Pettis Economy Donald Trump United States

Photo of Donald Trump (Credit: Rebecca Noble—Getty Images)

Today's U.S. economy is much different than the one that was crushed by disastrous tariffs in the 1930s, according to finance professor Michael Pettis, who thinks tariffs could boost U.S. jobs, wages, and living standards.

Economists should be careful not to draw the wrong lessons from history as President-elect Donald Trump prepares to take office with a pro-tariff agenda.

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