Doug Irwin

This conversation features Doug Irwin, an economist from Dartmouth College who specializes in trade policy. He tackles whether the U.S. is a victim of trade and unpacks the complexities of trade deficits. Irwin also clarifies misconceptions about tariffs and their impact on manufacturing jobs. Additionally, he discusses the evolution of manufacturing amidst globalization and technological changes, urging innovative solutions for affected workers. The episode emphasizes the intricacies of trade dynamics and cautions against simplistic views on protectionism.

Doug Irwin, an economist at Dartmouth and author on trade policy, dives into the notorious Smoot-Hawley Tariffs and their disastrous effects during the Great Depression. He illustrates how this historical blunder led to a cautionary tale about tariffs. The conversation connects the past to modern-day issues, including the recent tariff practices under Trump and Biden. Irwin warns of the dangers of protecting local markets at the expense of consumer costs and international relations, all while weaving in amusing anecdotes and economic insights.

In this discussion, Doug Irwin, a trade historian from Dartmouth and author of 'Clashing Over Commerce', reveals how protectionist policies often backfire. He explains the unintended economic consequences of Trump's tariffs, which disproportionately affect lower-income citizens and harm trade relationships. Irwin also delves into the historical shifts in U.S. trade policy, emphasizing the dangers of abandoning the bipartisan free-trade consensus and the complexities of modern trade that challenge outdated views on tariffs and trade deficits.

Doug Irwin, an economics professor at Dartmouth College and trade author, discusses the significant history of tariffs in the U.S. He explores how tariffs were employed under different administrations, including Trump's. Irwin highlights Alexander Hamilton's influence and critiques the belief that high tariffs always stimulate growth. The conversation also touches on global trade dynamics, particularly concerning China's role, and the political complexities surrounding tariff policies today, illustrating how past decisions echo in current economic relations.

Doug Irwin, a trade policy expert from Dartmouth, discusses how recent tariffs could reset global trade, with potential for higher U.S. prices and recession. Ed Yardeni, market analyst, highlights increased financial risk and a bearish outlook on the S&P amid market selloff. Elizabeth Economy from Stanford reveals how China's strategic responses to U.S. tariffs could shift geopolitical dynamics. The conversation explores the implications of America’s isolationist policies and the rising competition in global trade.