Podcast HackWhat Are Tariffs and Do They Work?By IFS Zooms In: The Economy, Paul Johnson, Peter Levell
In a Nutshell
This January 2025 episode of the IFS Zooms In podcast discusses tariffs and whether they are an effective trade policy.
Favorite Quote
What we're seeing is the rule book completely being torn up with regard to multilateral trading relationships … And the raw power of countries in the world trading system will probably determine whether they have outcomes that they like or not.
Peter Levell
Introduction
At his 2025 inauguration, President Donald Trump announced he would impose tariffs on goods from other nations.
What are tariffs, and how do they affect ordinary people?
The Institute for Fiscal Studies' IFS Zooms In podcast examines the intersection of economics and policy.
On this January 2025 episode, host and IFS Director, Paul Johnson, meets with Peter Levell, the IFS' Deputy Research Director and a trade economics expert.
The pair discusses what tariffs are, how they work, and the impact they can have.
Here are the 3 key insights from this Hack
- 1.Tariffs are a form of tax
- 2.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc volutpat, leo ut.
- 3.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc volutpat, leo ut.
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