The Tariff Debate: Benefits and Risks

Three weeks into the nascent Trump presidency, the question of “power” arises: how the leader of the free world uses unique words, deeds, and threats to advance America’s interests globally, through a blend of grandiose promises (rebuilding Gaza), economic saber-rattling (tariffs on imported goods), and a “vibe shift” (woke bureaucracy under attack). Hoover Kleinheinz Senior Fellow Stephen Kotkin joins GoodFellows regulars Niall Ferguson and John Cochrane to discuss what such expressions of American power portend for a republic/empire showing signs of wear and tear—potentially crippling debt, a military perhaps unable to engage in multiple-theater conflicts, and more.   

Recorded on February 10, 2025.