Behind the Support for Brexit and Trump: Economic Resentment - News Summed Up

Behind the Support for Brexit and Trump: Economic Resentment


The Brexit vote and Trump's widespread support reflect a sweeping rejection of expert opinion in advanced countries. Those tariffs would likely raise costs for U.S. consumers, economists say, and are unlikely to return many factory jobs to the United States. Trump and Brexit supporters express eagerness for change, regardless of the warnings from experts. Economists have raised similar concerns about Trump, who has threatened to slap huge tariffs on imports from China and Mexico. Yet that rejection itself could raise the likelihood of further economic harm, some economists warn.


Source: ABC News June 25, 2016 07:03 UTC



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