{"id":91750,"date":"2025-09-24T14:48:54","date_gmt":"2025-09-24T18:48:54","guid":{"rendered":"https:\/\/www.bu.edu\/met\/?p=91750"},"modified":"2025-12-01T10:07:37","modified_gmt":"2025-12-01T15:07:37","slug":"mets-faculty-angle-financial-consequences-of-us-tariff-policies","status":"publish","type":"post","link":"https:\/\/www.bu.edu\/met\/news\/mets-faculty-angle-financial-consequences-of-us-tariff-policies\/","title":{"rendered":"Professor Vodenska Explores Financial Consequences of US Tariff Policies on Television, in MET\u2019s <em>Faculty Angle<\/em> Series"},"content":{"rendered":"<p>As part of his administration\u2019s initial policy rollout in his first month in office, President Trump levied or threatened to levy stiff tariffs against trade partner nations Canada, Mexico, and China, among others. Metropolitan College\u2019s <a href=\"https:\/\/www.bu.edu\/met\/news\/mets-faculty-angle-in-depth-on-tariffs-in-trade\/\"><em>Faculty Angle<\/em> series recently explored the overall nature of tariffs<\/a>\u2014from their common uses to their tradeoffs. <\/p>\n<p>Professor <a href=\"https:\/\/www.bu.edu\/met\/profile\/irena-vodenska\/\">Irena Vodenska<\/a>, who is BU MET\u2019s director of finance programs and chairs the Department of Administrative Sciences, joined Fox affiliate KTVU to discuss the tariffs\u2019 impact on the financial markets, saying that the tariffs are, functionally, taxes on domestic consumers. While the stated intention of the tariffs might be to protect American jobs and industries, she explained that the reaction of the market indicates that the financial burden will fall on American consumers. Professor Vodenska also suggested that the tariffs would have secondary impacts, like a chilling effect on relations with fellow nations. Watch the video below.<\/p>\n<p><iframe scrolling=\"no\" frameborder=\"0\" allowfullscreen webkitallowfullscreen mozallowfullscreen allow=\"autoplay; fullscreen\" src=\"https:\/\/w3.mp.lura.live\/player\/3.12.16\/v3\/anvload.html?key=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%253D\"  width =\"640\" height=\"360\" ><\/iframe><\/p>\n<p>As part of BU MET\u2019s Faculty Angle videos, Professor Vodenska provides an in-depth analysis of the ramifications of President Trump\u2019s tariff policies. <\/p>\n<p>In Part 1, Professor Vodenska outlines the parameters of President Trump\u2019s international tariffs, from the intentions behind them to their most likely consequences. \u201cOne of the primary concerns surrounding the tariffs is their effect on economic growth,\u201d she says. \u201cBy imposing tariffs, the cost of . . . goods will rise, leading to inflationary pressure on the economy.\u201d <\/p>\n<div class=\"responsive-video vertical\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/F30Al_TcjXA?rel=0\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p>But how will President Trump\u2019s tariff policies impact the average consumer? In Part 2, Professor Vodenska explains that the buying public should expect to see higher prices. As tariffs will bring rising prices on goods, consumers are likely to see that spike passed down by companies\u2014particularly in the realm of essentials. \u201cThere is an estimated average effect on American households that they could face an additional $1,000 or $1,200 in annual costs due to these tariffs,\u201d Professor Vodenska attests, adding that she expects this to offset any benefits the tariffs present. <\/p>\n<div class=\"responsive-video vertical\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/CVkUdBp33pw?rel=0\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p>\u201cTariffs are rarely imposed in isolation,\u201d Professor Vodenska says in Part 3 of the Trump tariffs series, which examines the potential unintended consequences for the United States\u2019 biggest trade partners. Warning of the potential for a trade war, Professor Vodenska says, \u201cA prolonged trade conflict could disrupt global supply chains, create instability in international markets, and [create] instability geopolitically.\u201d<\/p>\n<div class=\"responsive-video vertical\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/0NtSgufX5DU?rel=0\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p>But what do tariffs mean to the strength of the US dollar? In Part 4 of this series, Professor Vodenska explains that while President Trump\u2019s policy on tariffs may strengthen the US dollar, that development may present drawbacks to the economy. \u201cWhile tariffs may reduce the trade deficit by discouraging imports, they will also make everyday goods more expensive, reducing consumer purchasing power,\u201d she says.<\/p>\n<div class=\"responsive-video vertical\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/LsmT2RnzYqM?rel=0\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p>Visit our <a href=\"https:\/\/www.youtube.com\/@bumet\" target=\"_blank\" rel=\"noopener noreferrer\">YouTube page and subscribe<\/a> to stay up to date on all future episodes of MET\u2019s <em>Faculty Angle<\/em> series.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How will President Trump\u2019s tariffs impact international trade\u2014and your bottom line? In MET\u2019s latest, four-part Faculty Angle series, Finance Professor Irena Vodenska provides clear answers to these questions and more.<\/p>\n","protected":false},"author":19676,"featured_media":91752,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[129,243,39,164,91,37],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/posts\/91750"}],"collection":[{"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/users\/19676"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/comments?post=91750"}],"version-history":[{"count":11,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/posts\/91750\/revisions"}],"predecessor-version":[{"id":97019,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/posts\/91750\/revisions\/97019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/media\/91752"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/media?parent=91750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/categories?post=91750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/tags?post=91750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}