Assessing the Impact of the 'Liberation Day' Tariffs

It's been over six months since the so-called 'Liberation Day' tariffs -- a 10% baseline tariff on all US imports, and additional country-specific tariffs determined by their trade surplus with the US -- came into effect. The Trump administration argued these tariffs would result in a stronger economy, and a revival of American manufacturing. Have they? Chad Bown joins EconoFact Chats to discuss the rollout and consequences of the sweeping tariffs thus far, and how they compare to the tariffs enacted during the first Trump administration. Chad is the Reginald Jones Senior Fellow at the Peterson Institute for International Economics.