UK academic Professor Sir Anton Muscatelli, principal of the University of Glasgow and co-chair of the IFF Academic Committee, recently shared his insights in an interview with CGTN's Michael Wang. He pointed out that tariffs have driven up prices for US consumers while cutting profit margins for US producers, leaving little benefit for the wider economy.
Muscatelli explained that while tariffs are meant to protect domestic industries, the unintended fallout has been a heavier cost at the checkout and slimmer margins for businesses. It’s almost like a plot twist in a blockbuster movie—where a strategy designed to help ends up causing more strain. 🤔
This perspective adds fuel to the ongoing debate about economic policies and trade tactics. It invites students, professionals, and everyday consumers to rethink how protectionist measures impact real lives in today’s interconnected world.
Reference(s):
cgtn.com
