What are tariffs and what's the real story behind their economic impact? In this episode, we provide a thorough analysis of tariffs, focusing on their use in the United States from 2010 to 2025. We'll define tariffs, explore their historical and modern applications, and outline their general economic effects on domestic production, consumer prices, and international trade. We then delve into the specific tariff policies implemented in the US during this period, examining their actual economic consequences based on in-depth research. Finally, we'll discuss the broader policy implications of relying on tariffs as a tool in international trade.