In this segment, Bill continues his deep dive into trade policy with Scott Lincicome, Vice President of General Economics at the Cato Institute and visiting lecturer at Duke Law. Together, they unpack:

• The new U.S.–Japan trade deal and why the “devil is in the details.”
• The questionable legality of directing a $550 billion Japanese investment into U.S. markets.
• The growing problem of unchecked executive power in trade policy.
• Why tariffs function as taxes on consumers and slow down economic growth.
• How tariff protections can turn once-competitive industries into stagnant “zombie industries.”

Learn more about Scott at Cato.org.

Learn more about Bill at Bernardoni.media and Bernardoni.blog.