The New Liberal Podcast The Tragedy of Tariffs
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Apr 9, 2025 The podcast dives into Trump's tariffs, questioning their impact on the American economy and the lives of everyday families. A clear consensus among economists paints tariffs as harmful to consumers and growth, challenging the myth that they can restore manufacturing. The conversation also highlights the backlash against women's workplace roles and how tariffs intersect with issues of masculinity and political dissent. As uncertainty looms, the need for rational decision-making in trade policies becomes ever more critical.
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Tariffs Harm Economies
- Tariffs are generally bad for the economy, according to economists across the political spectrum.
- They reduce economic welfare and lead to price increases for consumers.
Historically High Tariffs
- Trump's tariffs are historically high, exceeding even the Smoot-Hawley tariffs.
- These tariffs will increase inflation and the cost of living for average families.
Broad Impact of Tariffs
- Tariffs impact not only imported goods but also American-made products.
- They raise prices by reducing competition and disrupting supply chains, hurting consumers and businesses.