The Return of Tariffs Under Trump

Donald Trump's administration marked a significant shift in U.S. trade policy, particularly through the imposition of tariffs on imported goods, reportedly the highest seen since the Depression era. This era of protectionism challenges the previously held belief that tariffs were becoming obsolete, as the focus had shifted to regulations and services in trade discussions. Trump's approach has resulted in the re-emergence of tariffs as a central tool of trade policy, reigniting debates around their economic efficacy and potential long-term impact on international relations and domestic markets. The episode explores whether this revival signals a genuine shift towards a high-tariff era or if it is merely a temporary phase stemming from Trump's unique political style and objectives.