Stephen Moore, an economist and senior fellow at the Heritage Foundation, and Scott Paul, president of the Alliance for American Manufacturing, argue for tariffs as essential tools for national security and supporting domestic production. On the opposing side, Jennifer Hillman from the Council on Foreign Relations highlights their potential economic harm and legal issues, while Rana Mitter from Harvard emphasizes the ineffectiveness of tariffs and advocates for alternative strategies. The discussion delves into the complex landscape of trade policies and their implications for U.S.-China relations.

Jennifer Hillman, co-director of the Center on Inclusive Trade and Development and former U.S. Trade Representative counsel, discusses Donald Trump's proposed tariffs on China, Canada, and Mexico. She highlights the strategic intent behind Trump's announcements, suggesting they are aimed at negotiating leverage. The conversation also explores the potential economic fallout of these tariffs on imports and exports, how they could impact consumer prices, and the Federal Reserve's cautious stance amidst rising trade tensions.

Jennifer Hillman, co-director of the Center on Inclusive Trade and Development and former general counsel at the U.S. Trade Representative, teams up with Eli Lee, Chief Investment Strategist at Bank of Singapore. They dive into Trump’s proposed tariffs on China, Canada, and Mexico, analyzing the strategic implications behind these vows. The conversation touches on how tariffs could impact trade dynamics, economic growth, and investment strategies. They also discuss the broader economic ramifications and the potential benefits for China amidst the tensions.