Tariffs, Trade, and a Misused Model

Brent Neiman, the Edward Eagle Brown Professor of Economics at the University of Chicago and former Deputy Undersecretary of Treasury for International Finance, shares his insights on the Trump administration's tariff policies. He explains how his original research was misused to justify these tariffs, leading to significant economic miscalculations. The discussion delves into the implications of tariffs on U.S.-China trade dynamics, highlighting the uncertainty they create and questioning their effectiveness as tools for policy enforcement. Neiman also shares book recommendations and indulges in a lighthearted conversation about barbecue and savory pies.