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Weatherhead's Jonathan Ernest talks about tariffs being used as a bargaining tool

MEDIA | May 7, 2025
STORY BY: EDITORIAL STAFF

Tariff Tag: You're it — prices for some goods expected to go up as early as Wednesday
WEWSJonathan Ernest, assistant professor of economics at Weatherhead School of Management, said that if tariffs are being used as a bargaining tool, they could ease relatively quickly. But if they’re part of a larger plan to bring more industry back to the U.S., the increases could last “for years, if not decades,” he said.