What’s the True Price of ‘Made in the USA’? | Scott Lincicome

What is the relationship between Trump's tariffs and the rest of the economy? Scott Lincicome of The Cato Institute joins us to discuss.

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How much are you willing to pay to "buy American"? Just asking questions.

In April, Donald Trump unilaterally unleashed a series of so-called "reciprocal" tariffs using emergency powers to punish countries with a trade imbalance, meaning they export more to the U.S. than they import from the U.S.

Markets panicked, and Trump pulled back, setting a new deadline that he's now pushed back multiple times. It's now set to expire August 1.

But those aren't the only tariffs Trump has implemented, and there are some signs they may be already driving up prices. The administration says the stock market is strong, tariffs are bringing in billions in revenue, and American manufacturing is back, baby.

To help us figure out what tariffs might do to the U.S. economy, analyze how Trump is using trade as a foreign policy tool, and discuss the ultimate political aims of economic nationalism is Scott Lincicome, VP of economics and trade at the Cato Institute and writer of the Capitalism newsletter at the Dispatch.