Mount Holyoke College economics professor Katherine Schmeiser Lande has raised alarms over potential economic fallout from new U.S. tariffs, warning that both consumers and farmers could face rising costs and job losses. The remarks come amid renewed debate over trade policies impacting global supply chains.
“Prices are going to go up for everybody. There will be job losses, probably,” Schmeiser Lande cautioned, challenging claims that tariffs would generate significant revenue without broader economic strain. She noted producers might struggle with increased input costs, particularly in agriculture, where price volatility could exacerbate financial pressures.
The analysis highlights risks for U.S. trade partnerships in Asia, a region deeply integrated into global manufacturing networks. Business analysts suggest tariff-driven disruptions could ripple through Asian export economies, potentially reshaping investment strategies.
Schmeiser Lande emphasized that policymakers must weigh long-term consequences: “When tariffs shield one industry, they often create vulnerabilities elsewhere.” Her insights arrive as governments worldwide recalibrate trade frameworks amid shifting economic alliances.
