Philip Luck, Director of the CSIS Economics Program and Scholl Chair in International Business, dives deep into the implications of the U.S. tariffs on steel and aluminum. He uncovers how these tariffs may reshape trade relationships with Canada and Mexico. The discussion reveals the hidden costs of tariffs, including increased manufacturing expenses and potential job losses. Luck also highlights the broader national security concerns related to domestic steel production and the complexities of relying on international sources for critical materials.

Philip Luck, the economics program director at CSIS and a tariffs and trade expert, dives into the ramifications of the Trump administration's tariffs on Canada, Mexico, and China. He discusses the motivations behind these measures and their impact on trade relations. Luck sheds light on the complexities of diplomatic negotiations amidst growing tensions and how these tariffs have historically affected supply chains. He highlights the economic risks involved, particularly for farmers, and the changing landscape of international trade policies.