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Two leading economists debate the potential trade-offs of the Trump administration’s tariffs that are now roiling markets. Oren Cass, the founder of American Compass, joins Kimberly Clausing, a professor at UCLA, to discuss what this all means for the United States and the global economy. We want to hear from you! Help us shape the future of FP Live by sharing your thoughts on the show by clicking here. Suggested reading (FP links are paywall-free): Wendy Cutler: How Countries Should Respond to Trump’s Tariffs Bob Davis: Trump Has the Whole Global Trade System in His Sights Michael Hirsh: Tariffs Can Actually Work—if Only Trump Understood How Lili Pike: Trump Threatens China With New 50 Percent Tariffs Joseph Rachman: Trump’s Tariffs Crush the ASEAN Economic Model Transcript: The Case for Trump’s Tariffs Edward Alden: Trump’s Wanton Tariffs Will Shatter the World Economy Learn more about your ad choices. Visit megaphone.fm/adchoices