Brad Setser: 10% tariffs "not going to fundamentally solve" the balance of payments problem
Given that roughly half of US imports are excluded from the 10% tariff, it’s not going to fundamentally solve the balance of payments problem, Brad Setser tells the Atlantic Council's Josh Lipsky. They were speaking at IMF Headquarters during the 2026 IMF-World Bank Spring Meetings. For more, watch the full conversation and follow the Atlantic Council's coverage all week long.
About Brad Setser
Brad W. Setser is an American economist. He is a former Counselor to the U.S. Trade Representative, Deputy Assistant Secretary of the U.S. Treasury, and Director of International Economics for the U.S. National Economic Council and National Security Council. He currently serves as senior fellow for international economics at the Council on Foreign Relations. He was previously the Director of Global Research at Roubini Global Economics Monitor where he co-authored the book Bailouts or Bail-ins? w...
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