3/16/25 Ron Cronovich on Tariffs

Dr. Ron Cronovich, Professor of Economics at Carthage College, talks about Tariffs: What are they? How do they work? Are they good or bad? (Is that the right question to ask?) What is the primary motivation behind President Trump's policy on tariffs? What does it mean to have a Trade Deficit with another nation? Is that good or bad? What are the intended and unintended consequences of the sort of Trade War in which the United States is currently engaged?