Newt talks with David Beckworth, former international economist for the U.S. Treasury Department, about President Trump’s new tariff strategy.
President Trump announced a new tariff strategy called “Liberation Day” aimed at imposing reciprocal tariffs to level the playing field with other countries. Newt’s guest is David Beckworth, a former international economist for the U.S. Treasury Department and senior research fellow at the Mercatus Center. They discuss the implications of this new tariff policy. Beckworth explains the historical context and mechanics of tariffs, and the potential economic impacts, including the risk of stagflation and the effects on U.S. manufacturing. He also highlights concerns about the politicization of the Federal Reserve and the potential for increased lobbying. Their conversation also touches on the broader implications for international trade relations and the challenges businesses may face in adapting to the new tariff landscape.
David Beckworth, former international economist for the U.S. Treasury Department and currently a Senior Research Fellow with the Mercatus Center and host of the popular podcast, Macro Musings.
Follow and listen to more of Newt’s World:
Guest:
David Beckworth
- New Age of Anxiety Emerges in Tandem with Rapid Pace of Technological Change
As in the Middle Ages, a gulf is widening between the world we have known and an emerging world we do not yet understand. - The Historic Turning Point in Iran
This is an historic turning point for the entire world. - Blue Cities and States, by Taxing Wealth Creators, Risk Self-Destructing
Proposals in California and New York likely to accelerate an exodus to lower-tax jurisdictions. - Why Democrats Fear Voter ID Laws
The Democratic Party’s fear of voter ID laws raises some interesting questions. - Thanks, Sen. Ossoff
Every American who has been recently delayed at an airport should thank Georgia Sen. Jon Ossoff and his fellow Democrats.