Subscriber Exclusive: The Tariff Debate

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Trump’s “Liberation Day” tariffs were even bigger than expected, with manufacturing hubs such as Vietnam and Cambodia facing rates nearing 50 percent. Global stock markets slumped in response. Perhaps more surprisingly, the dollar also declined against other currencies, suggesting fears about fading U.S. growth. 

Despite the adverse market signals, Trump’s economic advisors and allies continue to insist that while the president’s policies may impose short-term pain, they will ultimately strengthen U.S. manufacturing and make room for large individual tax cuts. 

Join FP Live for a debate on the impacts of Trump’s sweeping tariff plan. Oren Cass is a leading conservative economist, and Kimberly Clausing, an economist and professor at UCLA. The two argued the impacts and repercussions of Trump’s newly announced tariffs. 

Highlights from the Tariff Debate

With Oren Cass and Kimberly Clausing

Read the Transcript

U.S. President Donald Trump delivers remarks on reciprocal tariffs during a “Liberation Day” event at the White House in Washington, D.C., on April 2.

A Debate on Trump’s Tariffs

Conservative economist Oren Cass defends the White House’s goals against Kimberly Clausing, who calls the April 2 moves “shambolic” and “self-destructive.”

Q&A  |  Ravi Agrawal

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