Tariffs, Trade Wars, and the Trump Effect

Send us Fan MailWTF is a tariff and will the imposition of tariffs on foreign imports help or hinder the US economy? Join Jen and Carolyn as we attempt to break down complex economic policies into real-world impacts. Today, we’re diving into tariffs—what they are, how they've shaped U.S. history, and why Trump's aggressive tariff strategy could put the U.S. economy at risk of a recession.U.S. Chamber of Commerce – Impact of Tariffs on the Economy (2023)Moody’s Analytics – Economic Cost of Trump’s Trade War (2019)Brookings Institution – How Tariffs Hurt U.S. Jobs (2020)CNBC – Gary Cohn on Trump’s Tariffs (2020)Congressional Budget Office (CBO) – The Long-Term Effects of Trade Wars (2022) The White House The White House Reuters CRFB AP NewsProspect Theory in Psychology, Nickerson, Charlotte, 2023Prospect Theory, BritannicaLive Streaming Commerce and Customer’s Purchase Intention: Reduction Perspective, Lu_Chen Science Direct, 2021Fernbach, P. M., Kan, C., & Lynch, J. G., Jr. (2015). Squeezed: Coping with constraint through efficiency and prioritization. Journal of Consumer Research, 41(5), 1204–1227.American Journal of Consumer Psychology (Gathergood & Weber, 2017) Dholakia, Value Based Pricing, Harvard Business ReviewPorges, S. W. (2011). The Polyvagal Theory: Neurophysiological Foundations of Emotions, Attachment, Communication, and Self-Regulation. W.W. Norton & Company.Dana, D. (2018). The Polyvagal Theory in Therapy: Engaging the Rhythm of Regulation. Norton Series on Interpersonal Neurobiology.Harris, R. (2019). ACT Made Simple: An Easy-to-Read Primer on Acceptance and Commitment Therapy. New Harbinger Publications.Hayes, S. C., Strosahl, K. D., & Wilson, K. G. (2016). Acceptance and Commitment Therapy: The Process and Practice of Mindful Change. Guilford Publications.Comas-Díaz, L. (2016). "Racial trauma in people of color: Implications for identity and mental health." American Psychologist, 74(1), 1-12.APA (2021). Stress in America: The Impact of Economic Inequality. American Psychological Association.Adler, N. E., & Stewart, J. (2010). "Health disparities across