Professor Sunhyung Lee Discusses Economic Impact of U.S. Tariffs
Posted in: Economics
Dr. Sunhyung Lee, Assistant Professor of Economics at the Feliciano School of Business, was recently featured on Arirang News discussing the ongoing economic effects of the April 2, 2025 “Liberation Day” tariffs and their implications for businesses, consumers, and global trade.
During the interview, Dr. Lee examined how the tariffs have contributed to growing uncertainty in the global economy. He explained that frequent changes to tariff policies have created challenges for investors and businesses attempting to make long-term decisions, while also raising questions about the stability and predictability of international trade relationships. According to Lee, uncertainty surrounding trade policy has become one of the most significant economic consequences of the tariffs over the past year.
Dr. Lee also discussed the broader implications for American consumers and businesses. While inflationary effects have not yet been fully reflected in economic data, he noted that tariffs often take time to impact consumer prices. As these costs move through supply chains, businesses and households may continue to face increased financial pressure in the months ahead.
In addition, Dr. Lee highlighted how evolving trade policies are influencing global supply chains and investment strategies. Rather than immediately reshaping manufacturing activity, many companies have adopted a cautious “wait-and-see” approach as they assess future policy developments and economic conditions. He also addressed the potential impact of new sector-specific tariffs on industries including manufacturing, pharmaceuticals, semiconductors, and international trade partners.
Dr. Lee’s appearance on Arirang News reflects the Feliciano School of Business’s commitment to connecting academic expertise with real-world issues. Through his research and commentary on international economics and trade policy, Dr. Lee continues to provide valuable insight into the complex economic forces shaping business decisions and the global marketplace.