The Business Edge
The Business Edge
Feliciano School of Business
Tariffs Fixing Trade or Fumbling It?
7 minutes Posted Apr 11, 2025 at 3:00 pm.
Introduction to Tariff Discussion
What Is a Tariff? Who Pays?
Trade Deficits and Manufacturing
The Steel Industry Case Study
Historical Context: Smoot-Hawley
International Retaliation Effects
Closing Thoughts on Tariff Impact
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Todd Federman, economics instructor at the Feliciano School of Business at Montclair State University, breaks down the real-world consequences of sweeping tariffs imposed by President Trump on April 2nd. From a staggering $10 trillion market loss to the inflationary impact on everyday consumers, Federman outlines how tariffs function, who pays them, and why they may do more harm than good.