How Trump's Tariffs Will Hurt the Middle-class

Political pundit Sabrina Meadow and economist Mike Moffatt delve into the complexities of tariffs, particularly in the context of the impending policies under the new Donald Trump's administration. They explore what tariffs are, their implications for the middle class in both the US and Canada, and the public's understanding of these taxes. The conversation highlights the anxiety surrounding trade deficits and the potential economic fallout for consumers and businesses alike. Mike and Sabrina discuss how tariffs act as hidden taxes for consumers, the potential retaliatory measures Canada could take, and the political motivations behind the trade tensions. Chapters00:00 Introduction01:00 Understanding tariffs 03:07 Public perception and the impact of a tariff threat05:19 Does Canada really need the US more than it needs us?07:00 The American middle class will be hurt by tariffs08:03 Why are Canadian businesses so worried?10:18 The effects on the Canadian middle class11:06 Retaliation strategies and economic consequences13:01 Nobody wins a trade war15:19 Political theater vs. real economic threats18:24 The role of citizens in trade warsLinksMissing Middle InitiativeFiscal, Macroeconomic, and Price Estimates of Tariffs Under Both Non-Retaliation and Retaliation ScenariosTrump's Team of Economic Yes-MenAmericans stocking up on foreign goods before Trump tariffs: ‘a sense of urgency’Tariffs and trade: Experts pick the big charts to watch for 2025Hosted by Mike Moffatt & Cara Stern & Sabrina MaddeauxProduced by Meredith MartinFunded by the Neptis Foundation https://neptis.org/