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Tariffs Fixing Trade or Fumbling It?
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Todd Federman, economics instructor at the Feliciano School of Business at Montclair State University, breaks down the real-world consequences of sweeping tariffs imposed by President Trump on April 2nd. From a staggering $10 trillion market loss to the inflationary impact on everyday consumers, Federman outlines how tariffs function, who pays them, and why they may do more harm than good.
Chapters
1. Tariffs Fixing Trade or Fumbling It? (00:00:00)
2. Introduction to Tariff Discussion (00:00:06)
3. What Is a Tariff? Who Pays? (00:00:55)
4. Trade Deficits and Manufacturing (00:01:55)
5. The Steel Industry Case Study (00:03:20)
6. Historical Context: Smoot-Hawley (00:05:10)
7. International Retaliation Effects (00:05:52)
8. Closing Thoughts on Tariff Impact (00:06:52)
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