Scott Lincicome, Vice President of General Economics at the Cato Institute, dives into the complexities of tariffs and trade policy. He critiques the political rhetoric from figures like Trump and Harris, arguing that tariffs often burden consumers more than intended. The conversation highlights the CHIPS and Science Act's aims to boost U.S. manufacturing while pointing out the inefficacy of broad tariffs that stifle innovation. Lincicome also explores how tariffs intertwine with immigration policies, emphasizing the importance of immigrant workers for economic growth.