Trading Places: Tariffs and the Economics of Protectionism

Will imposing tariffs, a tax on imports, benefit the economy? World history is rife with suspicion of international trade, but barriers to trade fell after World War II so that global markets have been fairly open throughout our lifetimes. As voters and politicians view trade with pessimism, Enoch and Tim discuss the nature and use of tariffs. How “America First” is blocking imports from our neighbors and who benefits (or loses) from international trade? Stories are told and theories are explained to help us all choose better. Reference: Frédéric Bastiat, The Candlemakers’ Petition.

Credits: ⁠⁠⁠⁠⁠Drew Elliot⁠⁠⁠⁠⁠ (music) with additional thanks to the ⁠⁠⁠⁠⁠Wheaton Center for Faith, Politics & Economics⁠⁠⁠⁠⁠. Recording Date: 5 December 2024