maurice 0bstfeld, good to have you on the programme.ed tariffs from donald trump could mean for the global economy. what is your assessment of the impact they could have, notjust in the united states but around the world? well, for the united states, the tariffs would clearly be inflationary. i think they would also be contractionary because if they are, as promised, levied on intermediate goods that are used as inputs to production, those would raise costs and lower business profits, hurting investment, but they would also have a very negative effect on us trading partners, who depend on accessing the us market to sell their wares. by raising these prices and reducing the demand for those products, foreign exporters would be hurt and therefore foreign economies would be hurt. talk to me about the impact on america's neighbours. i'm thinking here particularly canada and mexico. they are in the firing line of these tariffs, front and centre. the two biggest trading partners with the united states. what does it mean for them? well, the ta

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