Dr. Michael Hicks of Ball State University joins Nathan Gotsch to break down the economic ripple effects of new tariffs—starting with something as simple as a pencil.

From global supply chains to skyrocketing input costs, Dr. Hicks explains how tariffs disrupt manufacturing, drive up prices, shrink the stock market, and risk triggering a recession.

This episode digs into the real-world impact of trade policy and why even well-meaning economic interventions can backfire.