Meet Stephen Miran, a significant economic advisor to former President Donald Trump, who has crafted the framework for the controversial “reciprocal tariffs”. Miran, who earned his PhD in economics from Harvard, ardently supports tariff utilisation as a means to transform the US economy into a “fabulous” one. Appointed on December 22, he has vigorously backed tariffs amidst global market turmoil following Trump’s trade policy announcements.
Stephen Miran, a key economic advisor to Trump, champions high tariffs as a strategy to enhance the US economy. With a PhD from Harvard, his background includes senior roles in investment management. He contests conventional economic theories regarding tariffs and trade deficits, envisioning America as an economically prosperous nation through strategic tariff implementation.
In summary, Stephen Miran’s belief in the efficacy of high tariffs as a tool for economic success sets the stage for contentious debates in trade policy. His academic background and advisory role underline a commitment to shifting the paradigm of American trade, aiming to lessen perceived inequities burdening US industries. Miran’s theories challenge traditional economic models, positing that a robust economy can thrive with protective measures in place.
Original Source: www.business-standard.com
