Global Affairs

Trump backs down on tariffs, but ‘the damage has been done and it’s very persistent’, expert says

January 21, 2026 at 23:55Z
BIAS: Center
RELIABILITY: High

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France 24
22:01Z

Speaking with FRANCE 24’s Sharon Gaffney, Steven Durlauf, Director of the Stone Centre for Research on Wealth Inequality and Mobility at the University of Chicago’s Harris School of Public Policy, says that ‘the damage has been done and it’s very persistent’, following the announcement by US President Donald Trump that he was scrapping the planned tariffs on European nations over his Greenland takeover threat.

Source Assessment

Political Bias
Center
Reliability
High

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