Tariff Threats and Real-World Impacts

Brian Albrecht, Chief Economist at the International Center for Law & Economics, discusses the profound effects of tariff threats on business dynamics. He explains how even the mere threat of tariffs can disrupt profitable trading relationships and stifle long-term investments. Albrecht highlights the difference in impact on large versus small firms, revealing that while larger companies may adapt, smaller ones often struggle. The conversation also covers the historical context of tariff negotiations and their implications for U.S.-EU trade relations.