Tariffs and Trade Wars

Guest: Scott Bradford, PhD, Associate Professor of Economics, Brigham Young University President Trump surprised America’s trading partners and many Republicans in his own party when he announced plans to place a 25 percent tariff on steel and a 10 percent tariff on aluminum coming into the US from other countries. When the EU, Canada and Mexico responded with anger to the announcement, Trump doubled down on Twitter saying, “To protect our country, we must protect American Steel. AMERICA FIRST!” And he even suggested that he’d welcome a “trade war.”