As part of his administration’s initial policy rollout in his first month in office, President Trump levied or threatened to levy stiff tariffs against trade partner nations Canada, Mexico, and China, among others. Metropolitan College’s Faculty Angle series recently explored the overall nature of tariffs—from their common uses to their tradeoffs.
Professor Irena Vodenska, who is BU MET’s director of finance programs and chairs the Department of Administrative Sciences, joined Fox affiliate KTVU to discuss the tariffs’ impact on the financial markets, saying that the tariffs are, functionally, taxes on domestic consumers. While the stated intention of the tariffs might be to protect American jobs and industries, she explained that the reaction of the market indicates that the financial burden will fall on American consumers. Professor Vodenska also suggested that…
