Brad DeLong's Grasping Reality β’ 422 implied HN points β’ 06 Feb 25
- Brexit caused a lot of chaos and hurt the UK economy significantly, with estimates of GDP loss ranging from 4% to over 10%. This shows how disruptive trade politics can really be.
- Trump's international trade policies seem to create similar pointless disruptions, slightly lessening the U.S. economy's ties with its trading partners but not helping in the long run.
- There are questions about how the damage from Trump's trade policies compares to Brexit's impact, and it's important to analyze the economic integration and results for both the U.S. and UK.