Understanding the Dual Purposes of Tariffs

Scott Lincicome, vice president of general economics at the Cato Institute, discusses America’s new regime of high protective tariffs under the Trump and Biden administrations and assesses what may be to come on trade policy under a future Trump or Harris administration. He discusses the overly expansive authorities presidents have to impose tariffs, the weakness of commonly employed national security justifications for them, and the economics of why tariffs fail, among other topics.

Show Notes

• Clark Packard and Scott Lincicome, "Presidential Tariff Powers and the Need for Reform," Cato Institute Briefing Paper No. 179, October 9, 2024
• Scott Lincicome, "Six-Plus Years of Incoherent, Ineffective China Policy," The Dispatch, October 2, 2024

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