Charlottesville, VA (CVILLE RIGHT NOW) – Professor Ed Burton of the University of Virginia discussed the mixed outlook for the U.S. economy on Morning News, he highlighted concerns over federal workforce reductions and the impact of tariffs. Burton noted, “The macro picture is more confusing than I think I’ve ever seen it because there are so many different crosscurrents.” While some view government cuts as positive, he cautioned that “the more you come with a hacksaw, the more you’re going to hacksaw some good limbs off the trees.” He emphasized that job layoffs, both in the public and private sectors, could weaken the economy, especially in a fragile market. 

Burton also criticized the ongoing tariff policies, particularly the high tariffs on China, stating, “I think all of that hurts the macro economy.” He warned that upcoming tariff renewals on Canada and Mexico could further exacerbate economic instability. While he acknowledged the potential benefits of deregulation, Burton expressed skepticism about the long-term effects of trade restrictions, which he believes could stifle growth. 

The professor also reflected on the growing partisan divide in American politics, stressing the importance of seeking bipartisan dialogue. “It always pays to talk to the people who disagree with you,” Burton said, urging individuals to step away from polarized media narratives and engage in constructive conversations with those holding opposing views. As Burton suggested, this could help create a more balanced approach to economic and political decision-making. 

Listen here for the full conversation: