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Top economist El-Erian says tariffs have put the era of U.S. exceptionalism 'on pause'

El-Erian said American exceptionalism for years led the world to bring its money to the U.S.
Economist Mohamed El-Erian, in an interview with Fortune, expressed concerns about the potential economic impacts of former President Donald Trump's proposed tariffs if he were to win the 2024 election. El-Erian warned that such tariffs could lead to higher inflation and slower economic growth, potentially undermining U.S. exceptionalism. He emphasized the need for a more strategic approach to trade policy that focuses on enhancing competitiveness rather than protectionism. El-Erian also highlighted the importance of maintaining a strong dollar and fostering innovation to sustain America's economic leadership on the global stage.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/19/top-economist-el-erian-trump-tariffs-us-exceptionalism/ ]