U.S. tariff collection among imports are now at the highest level since the 1930s, and many are wondering how these policies are measuring up against their objectives.

In this episode of the 10-Minute Take, RBC Economics' Assistant Chief Economist Nathan Janzen is joined by Senior Economist Claire Fan to discuss:

• Who’s bearing the costs of tariffs so far.

• The current and future prospects for U.S. manufacturing amid protectionist measures.

• Whether tariff revenues can make a meaningful dent in America's massive federal deficit.

• What these findings mean for the sustainability of U.S. tariff policy going forward.