Chad Hart, associate professor, was a guest on Iowa Public Television's Iowa Press on May 31, discussing how new tariffs will only increase chances of the expected 2020 national recession.
Two economists warn the escalation of trade tensions with Mexico will “speed up” the arrival of a recession. Iowa State University Extension economist Chad Hart says the tariffs increase the likelihood of a slowdown in the global economy.
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Hart was also quoted in a May 30 New York Times article on how tariffs and spring flooding are affecting farmers.
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Hart was also quoted in a June 3 UPI story, "Imports to El Paso plummet while U.S.-Mexico trade hits all-time high."
"They are mostly stand-alone issues," said Chad Hart, a professor of economics at Iowa State University and a close observer of the trading relationship between Mexico and the United States.
"The immigration crisis hasn't affected trade flows. The drop in trade in El Paso is substantial, but has not reached a historic low," Hart said. "The level of trade has pulled back in El Paso, but today is still above where it used to be a decade ago."