From Washington: Are Tariff Fears Overblown?

This week, President Trump announced a plan to increase tariffs to match other countries' tax rates on imports. The President says tariffs are a tool that can help negotiate better trade deals with foreign nations and ease Americans' tax burden. However, others are concerned that this could result in higher prices for American consumers and reduce demand for American exports. Research Fellow at the Heritage Foundation's Center for the Federal Budget EJ Antoni explains why many tariff fears are overblown and details how they can be beneficial if implemented correctly. Vice President JD Vance traveled to Europe earlier this week as the United States participated in the Artificial Intelligence Summit in Paris. VP Vance stated that the US is the leader in AI and that foreign adversaries have weaponized the technology. The US, alongside Great Britain, did not sign the AI summit declaration. Satya Thallam, Senior Advisor for Responsible Innovation and former Senior Counselor to the White House Office of Management and Budget, joins to react to the summit and explains how the US will advance its AI capabilities.  Learn more about your ad choices. Visit podcastchoices.com/adchoices