In this episode, Alex focuses on tariffs and the dangerous game of economic chicken that Donald Trump is likely to launch against our largest trading partners. Trump is not even in office yet and he is already promising to implement 25% tariffs on imported goods from Mexico and Canada. He also has voiced the need for a 10% additional tariff on Chinese goods. Alex breaks down the realities of this issue, why tariffs are always retaliatory (if actually enacted), and why everyone from consumers to auto companies will be hurt. As Mexico’s new president threatens retaliatory tariffs, Canada’s currency has lost value and European markets are beyond worried. Alex argues that “owning the libs” may embolden Trump’s base domestically, but it could hurt the global economy if that same mantra is condoned in global economics.