• Tariffs, Trump, and Trade Wars: How tariffs work, who actually pays them, and how Trump currently uses them

  • Feb 7 2025
  • Length: 18 mins
  • Podcast

Tariffs, Trump, and Trade Wars: How tariffs work, who actually pays them, and how Trump currently uses them

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  • Summary

  • "Tariffs, the most beautiful word in the dictionary!", President Trump exclaimed at one point during the election campaign. In office, he has (so far) announced general import tariffs against Columbia, Mexico, Canada, and the US, only to withdraw them once Columbia, Mexico, and Canada accepted to take back criminal immigrants or strengthen border controls, respectively. In this episode, we discuss with Dr. Michael Nower, an Assistant Professor of Economics at the Durham University Business School, how trade tariffs work, who ultimately pays them, for what purposes they have been used in the past, and how President Trump talked about them and is currently using taxes on trade.


    To learn more about Dr. Michael Nower and his research, visit his website: https://www.durham.ac.uk/business/our-people/michael-nower/


    Music: The Good News by SHANTI from https://tunetank.com/track/263-the-good-news/
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