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Can Trump's tariff plan boost the US economy?
President-elect Donald Trump has made no secret of his love of tariffs, vowing steep import taxes on China, Mexico, Canada, and almost every product that crosses the US border on his first day in office. Will they boost US jobs and manufacturing, as Trump promises, or lead to rising inflation, as many economists warn? On GZERO World, Oren Cass, founder and chief economist at conservative think tank American Compass, joins Ian Bremmer for an in-depth discussion about Trump’s tariff plan and the future of US-China trade policy. Cass believes that tariffs are a way to level the playing field with China, which he says “flouts international rules and any concept of a free market.” He says tariffs can help correct global trade imbalances and doesn’t believe they’ll lead to a dramatic spike in consumer prices.
“When you raise money through a tariff, you don’t set that money on fire. It’s also tax revenue,” Cass explains, “We have a $2 trillion deficit. If I told you that there was some other tax that was going to help reduce the deficit, you’d probably say that would help reign inflation in.”
Watch full episode: The case for Trump's tariffs
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔).
The case for Trump's tariffs
What will President-Elect Donald Trump’s election win mean for the US economy? After years of inflation and stagnating wage growth, millions of voters elected Trump off the back of his promise to usher in a “golden age of America.” Trump has vowed to raise tariffs, slash business regulation, and deport millions of undocumented immigrants, policies he says will put Americans first. But what will that mean practically for workers and consumers? On GZERO World, Ian Bremmer is joined by Oren Cass, the founder and chief economist of the conservative think tank American Compass, who thinks Trump’s tariff plan will be a step in the right direction. Many economists argue that Trump's tariff plans will raise consumer prices and spark a global trade war, but Cass argues they're a necessary correction that will incentivize domestic manufacturing, reduce the deficit, and counter China’s unfair trade practices.
“If you actually believe that making things in America matters, then we are going to have to find a way to put a thumb on the scale for getting more of that investment back here,” Cass explains, “And I think that's what a tariff can help do.”
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔).
How Trump's tariffs could help (or hurt) the US economy
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔).
How Trump forced Europe's hand on Ukraine
Trump’s return to power—amid global wars, strained alliances, and economic tensions—could radically reshape the world order. It threatens to deepen rifts with Europe, complicate Middle Eastern conflicts, and push US-China relations to a breaking point. That might not be a bad thing, according to Ian Bremmer. He breaks it down on Ian Explains.
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔).
Trump's America: How MAGA came out on top
On this episode of GZERO World, Ian Bremmer unpacks the implications of Donald Trump’s decisive election win, marking his historic return to office and the GOP's comprehensive control over government (assuming they hold onto the House). Despite polls suggesting a razor-close election, Trump won with strong support across critical swing states, including Pennsylvania, where voter shifts were significant even in traditionally Democratic strongholds like Philadelphia. Bremmer discusses Nov 5 and its wide range of implications with Vanderbilt historian Nicole Hemmer and Wall Street Journal correspondent Molly Ball. How did Trump’s return signal a change election? How much of it was driven by voters' discontent with inflation and immigration, and how much was simply the appeal of a populist alternative to the status quo.
The conversation highlights Trump’s longstanding opposition to globalism and his strategy to reshape America’s place on the world stage. With the GOP controlling the presidency, Senate, and likely the House, Trump's second term could bring sweeping policy changes, including a push to consolidate executive power and reduce judicial and institutional independence. Reflecting on the stakes, Molly Ball comments, “If there are not those barriers before him, what is he willing to do? What norms and traditions, not to say laws, is he willing to violate in order to pursue his goals?” Hemmer adds, “The erosion of representative democracy…has accelerated over the past 10 years,” emphasizing the risks of unchecked power. They also examine the Democratic Party’s struggle to resonate with working-class voters across racial lines and its internal debate over progressive versus centrist policies. With both parties facing pressure, there remains an enduring tension between America's democratic ideals and the growing appetite for anti-establishment reform.
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔).
Why voters went back to Trump, with Molly Ball and Nicole Hemmer
Listen: On the GZERO World podcast, Ian Bremmer dives into the far-reaching consequences of Donald Trump’s return to office as he becomes the first president since Grover Cleveland to serve non-consecutive terms. With strong wins across key swing states like Pennsylvania, Trump’s decisive victory reflects widespread voter frustration over issues like inflation and immigration and signals a major shift toward populism and anti-establishment sentiment. Historian Nicole Hemmer notes, “We’re witnessing the acceleration of democratic erosion, where checks and balances may no longer hold,” pointing to the dangers of unchecked power as Trump’s administration begins to take shape.
Joined by Vanderbilt historian Hemmer and Wall Street Journal reporter Molly Ball, Bremmer explores how Trump’s policies and approach could reshape American governance, especially with the GOP in control of the Executive, Senate, and likely the House. Ball highlights the risks involved, saying, “The real test will be whether the barriers that once existed to curb executive power still stand—or if they’re eroded by design.” They also reflect on the Democratic Party’s internal challenges, including how it must find ways to reconnect with working-class voters and navigate its ideological divide between progressive and centrist visions.
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.
Donald Trump will take office with unprecedented power
Donald Trump’s 2024 election win gives him a powerful mandate from voters frustrated with government gridlock and bloated bureaucracy. That, along with the Supreme Court’s recent ruling on presidential power, means Trump will take office in January with unprecedented impunity to enact his agenda, radically remake the Federal government, and rewrite institutional norms. So what happens next? On GZERO World with Ian Bremmer, Molly Ball, senior political reporter at The Wall Street Journal, and Nicole Hemmer, a political historian specializing in conservative media, discuss the implications of a second Trump presidency and how he plans to fulfill promises to voters frustrated with the status quo. Trump will be reined in by the Constitution, but beyond that, will face little accountability, giving him near-total power to enact sweeping changes to democratic institutions.
“I think a lot of people are frustrated with the feeling that our institutions are so calcified and bottle-necked that they don’t allow anything to get done,” Balls says, “So I think there is a mandate for Trump to actually execute on his agenda.”
“I think the idea that the president has free rein does have more popular support than I think many liberals and proponents of rule of law would hope,” Hemmer adds, “The idea that there are levers that can be pulled that will suddenly snap into place an accountability regime, those levers don't exist.”
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔).
US Capitol building at in the morning sun. Washington DC, USA The US Capitol building in the early morning at sunrise.
Election Countdown: The 6 congressional races to watch
While eyes around the globe will be on the US presidency this Election Day, there are consequential races further down the ballot that will determine how much power Kamala Harris or Donald Trump will wield. A handful of Senate and House races will decide which party has the power to advance or stymie the next president’s agenda.
Going into election night, 538 forecasters give Republicans a 92% chance of winning the Senate, but experts say the House could be anyone’s game. The Senate is likely to be called on election night, but because of slow counting in California, the results in the House are unlikely to be called before the end of the week at the earliest.
Here are the key races to watch.
Senate
Democrats currently hold a narrow 51-49 majority but are facing an almost certain loss in West Virginia. That means that Republicans only need to capture one more race to win the majority. This is a pretty comfortable spot for the GOP to be in. Meanwhile, Democrats rely on dramatically outperforming in the polls or performing miracles and expanding their map by winning states like Texas or Florida.
Thirty-four seats are up for grabs, and 10 races are expected to determine the balance of power: Michigan, Ohio, Pennsylvania, Wisconsin, Arizona, Nevada, Montana, Nebraska, Maryland, and Texas.
Arizona offers a race of political extremes. Independent Sen. Kyrsten Sinema is stepping down, and progressive Rep. Ruben Gallego and Trump-darling Kari Lake are vying to take her spot. Lake, who lost the governor’s race in 2022 and continues to insist the election was “stolen,” has been encroaching on Gallego’s lead in the polls in recent days. Gallego’s slight edge is being attributed to his popularity among Latino voters, who make up 25% of the electorate.
Michigan, meanwhile, is a competition between centrists. Democratic Sen. Debbie Stabenow is retiring, and mainstream Republican Mike Rogers – a former Trump critic who has since embraced him – is facing outgoing Rep. Elissa Slotkin, who is using her national security background to win over centrists in and around Detroit.
The race has been tied in the final weeks of the election, and some of the biggest issues are reproductive rights and the candidates’ support for electric vehicles – a hot topic in a state that is home to the Big Three auto manufacturers.
In Ohio, Sen. Sherrod Brown, the Democratic incumbent, is fighting to keep his seat in the solidly red state against Trump-backed Bernie Moreno. Brown has lost what was once a commanding lead in recent weeks and is now polling behind Moreno by one point. The race has drawn $500 million in ad spending, more than any Senate race in history.
Control of the Senate could very well hinge on this state, which has voted twice for Trump and is likely to do so for a third time this year. Brown has held on to power in the past by focusing on local issues and evading questions about national political figures but has suffered from attack ads framing him as being far-left on transgender issues. But Democrats need this state if they have any chance of keeping their majority.
House of Representatives
Control of the House, like everything in this election, is expected to be incredibly close. All 435 seats are on the line, and, likely, whichever party wins control will do so by just a few seats. The Republicans are on the defense and need to control their slim majority, while Democrats need to gain four seats to flip the chamber. Democrat’s lead has declined as the election approached, with their margin slipping to just 0.5 points over the Republicans, down from 2.6 in early September.
New York’s 19th district is one of the most expensive House races in the 2024 election, with Democrats seeing flipping the seat as key to their efforts to regain control of the House. Republican incumbent Marc Molinaro faces a rematch against Democrat Josh Riley in this swing district that stretches across all or parts of the 11 upstate counties. It is expected to be a bellwether for how the parties are performing in the suburbs of New York and New Jersey, where Democrats saw disappointing turnout in the 2022 midterms, which led to them losing the seat.
Molinaro, once known as one of the most bipartisan members of Congress, has veered to the right this cycle, with his campaign drawing on fears about immigration and crime, while Riley has focused on abortion and reproductive rights.
Virginia’s 7th district is worth watching because it is expected to be an early bellwether of how the parties are fairing in a mixed district that spans from the DC suburbs to the rural Piedmont region. Republican Derrick Anderson is currently down four points against Democrat Yevgeny “Eugene” Vindman, who led the whistleblower account of the quid-quo-pro phone call between Trump and Volodymyr Zelensky that became the basis of the first impeachment case against Trump.
In Nebraska’s 2nd district, incumbent Republican Don Bacon is currently beating Democrat Tony Vargas by just two points. That's the same margin the GOP won by in 2022, and the Dems have had their eyes on winning it back ever since.
The district is one of 16 Republican-held seats in places that voted for Joe Biden in 2020. It is also known as the “blue dot” because it often sends one of Nebraska’s electoral votes to the Democrats even as the rest of the states’ votes go to Republicans.
Check out more of our recent election coverage:
- Everything you need to know about the 7 swing states
- The 15 counties to watch on election night
- The Disinformation Election: How conspiracy theories are impacting the vote
- How the 2024 presidential election could define the future of the Supreme Court
- Each presidential candidate needs at least 270 electoral votes to win the election. As the results come in, keep track of them with our handy map! Download it here
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