Trump’s Tariffs: Concentrated Benefits and Diffuse Costs

Episode Notes:

Last week, President Trump announced that he was going to impose a 25% tariff on imported steel and 10% on imported aluminum, with the intent to protect American industry. Markets and allies responded negatively to the news, and the probability of a trade war has increased.  Jason talks with David Dollar, a Senior Fellow at the Brookings Institution, about the ramifications of this protectionist measure.