I wish Mr. Carlson had actually studied real Economics. He is so good on everything else that it is almost a shock to have him attack the Austrian School. The tariff fight with China is about National Security primarily. Trump is trying to undo the system whereby China receives our technology secrets and advancements as fast as we create them, through theft. If Trump could simply eliminate all business taxes and all regulatory restrictions on trade the American Economy would rise so fast due to American Innovation which is unparalleled and to American productivity that American goods are actually cheaper than those from any other country and National Security would be much less a concern because our tech would be advancing much faster than China can implement stolen tech.
Do they study “real” economics in Korea, the EU, China and Japan? Because all of those places have really high import tariffs.