Tariffs are a hot topic this election cycle for both President Biden and former President Trump. But why are tariffs so popular despite their economic downsides? In this episode, we unpack tariffs’ role in the political playbook, their impact on manufacturing jobs and consumers, and the Biden administration's review of Trump-era tariffs.
Erica York, Senior Economist and Research Director at the Tax Foundation, joins Kyle Hulehan to break down the basics of tariffs, explore historical tariff failures, and discuss the potential long-term effects of maintaining or increasing tariffs.
Links:
- https://taxfoundation.org/research/all/federal/section-232-tariffs-steel-aluminum-2024/
- https://taxfoundation.org/blog/biden-tariffs-china/
- https://taxfoundation.org/blog/trump-biden-protectionism/
- https://taxfoundation.org/blog/biden-trump-tariffs/
- https://taxfoundation.org/blog/retaliatory-tax-trade-policies/
- https://taxfoundation.org/blog/trump-china-trade-war-proposal/
- https://taxfoundation.org/topics/tariffs-and-trade/
- https://taxfoundation.org/research/all/federal/tariffs-trump-trade-war/
- https://taxfoundation.org/blog/donald-trump-10-percent-tariff/
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