The global economy that will greet President-elect Donald Trump’s next term is much different than the one that existed in his first term, potentially putting the U.S. in an advantageous spot for his tariffs, a top Ivy League economist said.
In a New York Times op-ed on Friday, Eswar Prasad, senior professor of trade policy and professor of economics at Cornell University, pointed out that the U.S. is strong while the rest of the world is in “a deep economic funk,” enabling it to weather a tariff war better.
