Inu Manak, a trade policy expert at the Council on Foreign Relations, explores the lessons from the historic Smoot-Hawley Tariff Act. He discusses the potential ramifications of modern tariffs under Trump's leadership and how protectionist policies could hurt the U.S. economy. Manak warns that these measures may give rise to a self-fulfilling prophecy regarding U.S.-China relations. The conversation also lightens up with surprising ties to the film "Ferris Bueller's Day Off" and local meat sourcing!