• Breaking Down Tariffs: Impact on Economy and Global Trade

  • Nov 26 2024
  • Length: 9 mins
  • Podcast

Breaking Down Tariffs: Impact on Economy and Global Trade

  • Summary

  • Welcome to the Bold and Unbroken podcast, where we fearlessly debunk conservative media bias and misinformation. In this episode, host Eric Allen takes on the timely topic of tariffs, providing a comprehensive look at their economic implications and effects on global trade. From the recent announcements by President-elect Donald Trump to the history and mechanics of tariffs, we explore who truly benefits and who bears the cost.

    Delve into the dual purpose of tariffs: protecting industries by making imports costly, and generating government revenue. Learn how these measures have evolved over time and their shifting significance in the U.S. economy. With insights from Monica Marlaco, economics expert from USC, the episode sheds light on the impact of tariffs on domestic consumers, foreign producers, and the overall global pricing dynamics.

    As we revisit the 2018 U.S. tariff hikes and their ripple effects, discover the consequences of trade retaliation and how they influence key sectors like agriculture. From government aid to farmers to the broader economic landscape, find out what's at stake with Trump's renewed tariff plans and what we can do to prepare. Join us in breaking down these complexities, challenging myths, and advocating for informed discussions on trade policies.

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