"I think they [tariffs] create a very serious risk of inflation, not only because prices of imported goods will be higher, but domestic producers will be able to raise prices because their competitors' prices will be higher. But also, I think it's a substantial threat to growth because it can adversely affect productivity since you can no longer have access to whatever is the most efficient producer of goods and services. And… there's a very serious risk of retaliation."
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Businesspeople from the United StatesJews from the United StatesHarvard University alumniYale University alumniUnited States Secretaries of the Treasury
Original Language: English
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"Centerview's Robert Rubin on US Fiscal Policy, Tariff Risks", Bloomberg Invest Conference (March 4, 2025)
https://en.wikiquote.org/wiki/Robert_Rubin
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Robert Rubin
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