INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Phil Magness.
On a recent Price of Business, Host Kevin Price visited with Dr. Phil Magness of the Independent Institute.
They discussed how the United States is doing during the first full week of tariffs, and it hasn’t been pretty.
There has been a 2.7 percent jump in inflation on key areas. This happened due to mere speculation, the impact is only expected to grow as they are fully implemented.
The Administration’s hodge podge and arbitrary approach to tariffs creates an environment where it is easier for countries to make new economic alliances and plan on taking the US out of the equation. Placing across the board tariffs on countries for trading in oil with specific countries, tariffs on a country for prosecuting a politician accused of violating many laws, the list goes on.
This is a very interesting inventory of the impact of tariffs.
Phillip W. Magness is the David J. Theroux Chair in Political Economy at the Independent Institute. He is an economic historian, specializing in the United States, and the author of multiple books including “The 1619 Project Myth” and “Cracks in the Ivory Tower: The Moral Mess of Higher Education.” He holds a PhD from George Mason University’s School of Public Policy
Twitter: @philwmagness
Websites: http://www.independent.org and http://anti-tariff.org
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