Lillian Cauldwell unpacks First Amendment Section 7 and how it shapes the financial backbone of the U.S. Constitution and our economic system.
In Roman times, tariffs often proved to bring more harm than benefit—what lessons might this hold for today? Don’t miss it!
The hosts also touch on the new tariffs imposed by Trump on Canada and Mexico, and report on the tragic stabbing of a Singaporean student in Brussels, the motives for which remain unknown.
Doug Irwin’s insights make it clear that “tariffs are rarely the best option. Economists have found that tariffs often have unintended consequences, can provoke retaliation from other countries, and are not an effective policy tool for achieving the goals we Americans aspire to.”
The Peterson Institute for International Economics concluded that Trump’s main tariff proposals would reduce the US economy by more than a percentage point by 2026 and increase inflation by 2% next year.
The issue with tariffs is that nations impacted by our import taxes may retaliate by increasing their tariffs to protect their domestic goods and products.