# Professor Robert Engle discusses how increased tariffs would impact global trade

1 Faculty News May 4, 2018 ![CBC logo](/sites/default/files/styles/246w/public/assets/images/con_030877.jpg?itok=hGNV0pzL)>

Excerpt from [CBC](http://www.cbc.ca/news/business/peter-armstrong-ferris-bueller-1.4645197) -- "[Engle](http://www.stern.nyu.edu/faculty/bio/robert-engle) said much of the world economy is dependent on open access to world markets. 'If we start putting on tariffs, all these business arrangements are going to be disrupted,' he said. 'I think there is a big concern by the financial sector and the real economy that this would be very costly for everybody.'"

[Watch the video](http://www.cbc.ca/news/business/peter-armstrong-ferris-bueller-1.4645197)