“With few or no deals on the table and no Plan B, Congress – under growing pressure from voters, businesses, and donors – will be forced to act as Trump’s 90-day pause nears its end.”

In a new article for Project Syndicate, BWC Vice Chair William Rhodes and Group of 30 Executive Director Stuart Mackintosh urge Congress to reassert control over tariffs. With the United Kingdom as an example of the negative consequences of fiscal and economic nationalism, the authors worry that tax increases, soaring prices, and a recession are inevitable. 

To continue reading at Project Syndicate, click here.

All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.