Tariffs: what comes next with Paul Krugman and Scott Lincicome
The Supreme Court curbs Trump’s trade agenda, but the administration is undeterred. So, what's next? Ian Bremmer sits down with economists Scott Lincicome of the Cato Institute and Paul Krugman to examine the future of tariffs, and the politics shaping trade policy.
Listen: While Washington has become more hostile to free trade, Americans continue to buy foreign goods in record numbers. Lincicome notes that economic nationalism is “about an inch deep,” with support collapsing when Americans face higher prices for domestic products.
The conversation also looks into the impact of tariffs on businesses and consumers. Lincicome explains that if certain tariffs are ruled illegal, companies could seek refunds totaling up to $175 billion, potentially through litigation rather than administrative action. Krugman emphasizes that while policy debates grab headlines, public perception and midterm politics may ultimately matter more than the details of trade law or corporate strategy.
From the immediate fallout of legal challenges to the broader question of how the U.S. navigates trade and globalization, Bremmer, Lincicome, and Krugman explore the delicate balance between politics, policy, and the economy—and what it could mean for American consumers, businesses, and the upcoming midterms.
🔔 Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform, to receive new episodes as soon as they're published
