Moody’s Chief Economist: Tariffs Caused Significant Damage to US Economy and Job Growth

Key Facts

Mark Zandi, the chief economist at Moody’s, has stated that protectionist tariff policies have inflicted significant economic damage on the United States. In his latest assessment, Zandi highlighted that job growth has come to a complete standstill as a direct consequence of these trade barriers. This evaluation follows a review of the long-term macroeconomic impacts of the trade policies implemented under the previous Trump administration. The economist warned that the elevated costs associated with trade disputes have effectively undermined momentum within the U.S. labor market. These remarks reflect growing concerns regarding the sustainability of economic growth amidst ongoing global trade tensions. This assessment serves as a bearish analytical perspective on fiscal policies that utilize trade barriers as a primary economic tool.