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Scott Lincicome is the vice president of general economics and trade at Cato. Scott returns to the program to discuss the past, present, and future of Trump’s trade war, the impact of tariffs on the US consumer, myths about globalization, the state of globalization worldwide, and much more.

Check out the transcript for this week’s episode, now with links.

Recorded on March 19th, 2025

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Timestamps:

(00:00:00) – Intro

(00:01:01) – Cato’s Trade Center

(00:04:06) – Current State of Trump’s Trade War

(00:14:09) – Trade War Strategy

(00:20:48) – Break in the Globalization Trend

(00:29:51) – Bilateral Trade Deficit View

(00:54:01) – Comparative Advantage

(01:00:30) – How to Support Free Trade

(001:01:44) – Outro

Scott Lincicome on the Trump Trade War

Macro Musings with David Beckworth