Why Trump’s Tariffs Won’t Work

Why Trump’s Tariffs Won’t Work

Wall Street thought Donald Trump was bluffing about his tariff plans. The stock market rallied after his election. But the reality has started setting in. Trump is doubling down on tariffs, even as he warned Americans that the economy may experience a “period of transition,” insisting this is just short-term pain.

So what exactly is Trump’s theory here? And how much pain should we expect?

Answering those questions requires a bit of a tariffs primer. And the economist Kimberly Clausing kindly agreed to come on the show, walk through the basics, and help me make sense of what Trump is doing here. Clausing has modeled the possible costs and consequences of the tariffs Trump has proposed, and she breaks down how much you and I might end up paying. Clausing is a senior fellow at the Peterson Institute for International Economics, a professor at U.C.L.A. and the author of “Open: The Progressive Case for Free Trade, Immigration, and Global Capital.”

This conversation contains strong language.

Note: This conversation was recorded on Wednesday, March 5.

Mentioned:

We’re taping an “Ask Me Anything” episode soon. You can email me at ezrakleinshow@nytimes.com with a question. Please use the subject like “AMA.” We’ll consider any questions that are shared by the end of the day on Tuesday March 18.

The Real Reason President Trump Pushes Tariffs” by Kimberly Clausing

Abundance by Ezra Klein and Derek Thompson

Abundance book tour

Book Recommendations:

The Undoing Project by Michael Lewis

Mountains Beyond Mountains by Tracy Kidder

The Worldly Philosophers by Robert L. Heilbroner

Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.

You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.

This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris. Mixing by Isaac Jones, with Efim Shapiro and Aman Sahota. Our supervising editor is Claire Gordon. The show’s production team also includes Elias Isquith, Kristin Lin and Jack McCordick. Original music by Pat McCusker. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Pat McCusker.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Episoder(492)

How Colson Whitehead Writes About Our ‘Big Wild Country’

How Colson Whitehead Writes About Our ‘Big Wild Country’

“If he got a thrill out of transforming these ill-gotten goods into legit merchandise, a zap-charge in his blood like he’d plugged into a socket, he was in control of it and not the other way around,”...

14 Sep 202156min

Tyler Cowen on the Great Stagnation’s End

Tyler Cowen on the Great Stagnation’s End

Tyler Cowen is an economist at George Mason University, the co-founder of the blog Marginal Revolution, and host of the podcast “Conversations With Tyler.” But more than that, he’s a genuine polymath ...

10 Sep 20211h 17min

Can We Change Our Sexual Desires? Should We?

Can We Change Our Sexual Desires? Should We?

“Feminists have long dreamed of sexual freedom,” writes Amia Srinivasan. “What they refuse to accept is its simulacrum: sex that is said to be free, not because it is equal, but because it is ubiquito...

7 Sep 20211h 5min

This Isn’t Your Grandpa’s Joe Biden

This Isn’t Your Grandpa’s Joe Biden

President Biden’s economic policy isn’t what you would have expected from his long career. That’s true in the legislation he’s backing, which is bigger and bolder than anything we’ve seen from him bef...

3 Sep 202154min

Ask Ezra Anything: Degrowth, Third Parties, Reading and More

Ask Ezra Anything: Degrowth, Third Parties, Reading and More

We asked for your questions, and you answered. Hundreds and hundreds of fantastic questions poured in, and our producer Annie Galvin joined me to ask some of the best of them. Does the infrastructure ...

31 Aug 20211h 11min

The Foreign Policy Conversation Washington Doesn’t Want to Have

The Foreign Policy Conversation Washington Doesn’t Want to Have

Everything about the Afghanistan withdrawal is tragic. But that tragedy is the result not of the withdrawal, but the occupation, and America’s profound misjudgment of its own power and limits.This is ...

27 Aug 202159min

This Conversation Will Change How You Think About Trauma

This Conversation Will Change How You Think About Trauma

“Trauma is much more than a story about something that happened long ago,” writes Dr. Bessel van der Kolk. “The emotions and physical sensations that were imprinted during the trauma are experienced n...

24 Aug 20211h 17min

The Argument: Should We Say "Hi" to Aliens?

The Argument: Should We Say "Hi" to Aliens?

We're taking this week off from publishing new episodes, so today we're bringing you an episode from "The Argument" about one of my favorite topics: aliens. We'll be back with new episodes of "The Ezr...

20 Aug 202136min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
forklart
lydartikler-fra-aftenposten
popradet
fotballpodden-2
stopp-verden
dine-penger-pengeradet
det-store-bildet
rss-gukild-johaug
nokon-ma-ga
hanna-de-heldige
rss-ness
e24-podden
aftenbla-bla
i-retten
frokostshowet-pa-p5
rss-dannet-uten-piano
grasoner-den-nye-kalde-krigen