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Trump Subsidies are a Band-Aid for Farmers, Not a Solution

globalEDGE Business Beat
October 12, 2018 12:00 PM

Tomas_Hult-1Hosted by Tomas Hult, this segment of the globalEDGE Business Beat is an opinion segment on the show titled “Trump subsidies are a Band-Aid for farmers, not a solution.” Tomas Hult is Professor and Byington Endowed Chair in the Eli Broad College of Business at Michigan State University. Dr. Hult also published this piece as a an op-ed article in The Hill, with the same title, on September 24, 2018. The focus of the segment is on international trade, with a specific eye toward President Trump’s $12 billion in farm subsidies and what they may mean for the trading balance and issues with other countries and for the world. A unique side-point with everything that is going on around the world regarding trade – but important one - is that for the first time in seven years, we expect the global efficiency ratio for international trade to go down. In large part, tariffs and subsidies make the globe less efficient and more win-lose oriented.

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globalEDGE Business Beat, hosted by Jade Sims, covers discussions with a wide range of global leaders in business, government, and academe to provide information on the latest thoughts, tools, and markets that are flourishing globally.

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