Tariffs and Manufacturing: A Double-Edged Sword

Weeks before taking office, President-elect Donald J. Trump is doubling down on tariffs. Even if the threat to impose them proves to be just a negotiating tactic or bluster, it is also a gambit that has immediate consequences.

Ana Swanson, who covers trade for The Times, discusses whether tariffs worked in Mr. Trump’s first term and how they compare with the alternative approach used by President Biden.

Background reading: 

• Mr. Trump’s threat to wield tariffs is already rocking business and diplomatic relationships.
• The president-elect picked Jamieson Greer, a lawyer and former Trump official, to serve as top trade negotiator, a position that will be crucial to Mr. Trump’s plans of rewriting the rules of trade in America’s favor.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.