The worst of tariffs is yet to come
July 22, 2025
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as posted by the channelWere economist simply wrong about tariffs? Or is something else going on here.
Scott Lincicome of the Cato Institute argues that the economy is decent right now in spite of tariffs, not because of them. Their negative effects might still be looming over our heads.
Full episode
The full episode covers these topics:
- The complexity and constantly changing nature of the tariff policies, making it difficult for businesses to plan and adapt.
- How large corporations have been able to mitigate the impact through tactics like front-loading inventory, while smaller businesses have struggled.
- The debate around whether the tariffs are driving up inflation, with the administration arguing they are not, while economists point to targeted price increases in certain sectors.
- The political dynamics around the tariffs, including Democrats shifting their stance and the challenges Republicans face in opposing Trump's policies.
- The broader economic and geopolitical goals the administration has in using tariffs as a policy tool.
- Skepticism from experts about whether the tariffs will achieve the goal of reviving U.S. manufacturing.
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