Dr. Richard Ebeling, Austrian Economic Professor at The Citadel University, discusses with John O'Donnell why trade tariffs are historically a very bad economic idea going back 200 years to Adam Smith. From the lumber tariffs in Canada trade by Trump, to the rubber tires from China tariffs by Obama. The consumer is always the net loser,
as foreign trade tariffs are nothing but taxes paid by the consumers of said products. Net jobs are not saved for US industries by these tariffs.
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