Tariffs and Trade Deficits | Steven J. Davis, Brent Neiman | Hoover Institution

Tariffs and Trade Deficits | Steven J. Davis, Brent Neiman | Hoover Institution

Tariffs: How high? Who pays? And what’s their impact on trade deficits?

Steven Davis speaks to Brent Neiman about President Trump’s approach to tariff policy and the latest data on trade deficits. While tariffs are up in 2025, Brent’s research reveals that actual tariff rates are only half as high as headlines suggest. Steve and Brent also discuss who pays Trump’s tariffs, how we know, the damage caused by uncertainty around tariffs, and the value of commitment in the conduct of trade policy.

ABOUT ECONOMICS, APPLIED

Economics, Applied brings together top leaders and researchers to break down key economic developments, offering evidence-based insights and practical lessons for navigating today’s economy. Economic change is constant. Subscribe to keep up: hoover.org/podcasts/economics-applied.

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Online Buddies for Jobseekers | Steven J. Davis, Michèle Belot, Philipp Kircher | Hoover Institution

Online Buddies for Jobseekers | Steven J. Davis, Michèle Belot, Philipp Kircher | Hoover Institution

When job loss leads to a long spell of unemployment, it causes a big blow to self-esteem, a lasting drop in living standards, and serious hardship for the job loser’s family. Is there a low-cost way t...

22 Apr 49min

The Economic Price of War | Steven J. Davis, Jonathan Federle, Moritz Schularick | Hoover Institution

The Economic Price of War | Steven J. Davis, Jonathan Federle, Moritz Schularick | Hoover Institution

How does war affect national output, productivity, and consumer prices in belligerent countries and economies worldwide? Two economists, Jonathan Federle and Moritz Schularick, investigate how war and...

8 Apr 55min

America’s Mid-Life Mortality Gap | Steven J. Davis, Jonathan Skinner | Hoover Institution

America’s Mid-Life Mortality Gap | Steven J. Davis, Jonathan Skinner | Hoover Institution

Mortality rates fell sharply for college-educated Americans in recent decades but not for other Americans. Mortality trends also differ sharply between rural and urban areas of the United States and a...

25 Mars 29min

What Next for Venezuela? | Steven J. Davis, Ricardo Hausmann | Hoover Institution

What Next for Venezuela? | Steven J. Davis, Ricardo Hausmann | Hoover Institution

US military forces captured Nicolás Maduro last month, but the Chavista regime remains intact, at least for now. How can Venezuela find its way back to the rule of law, human rights, democracy, and pr...

11 Feb 50min

From Asia, with Skills and Aspirations | Steven Davis, Gaurav Khanna | Hoover Institution

From Asia, with Skills and Aspirations | Steven Davis, Gaurav Khanna | Hoover Institution

The United States has looked to Asia for software developers, scientists, engineers, and physicians in recent decades. How has that worked out for Americans? For other countries?  Immigrants from five...

28 Jan 56min

The Licensing Racket, and How to Fix It | Steven Davis, Rebecca Haw Allensworth | Hoover Institution

The Licensing Racket, and How to Fix It | Steven Davis, Rebecca Haw Allensworth | Hoover Institution

The U.S. occupational licensing system is riddled with problems and conflicts of interest. How can we fix it? Rebecca Allensworth joins Steven Davis to talk about her new book on occupational licensin...

28 Jan 54min

Cool New Work on Remote Work | Steven Davis, Nicholas Bloom | Hoover Institution

Cool New Work on Remote Work | Steven Davis, Nicholas Bloom | Hoover Institution

Nicholas Bloom joins Steven Davis to discuss cool new research presented at the annual Hoover-SIEPR conference on remote work: How much do employers save on wages when they let employees work from hom...

10 Dec 202538min

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