President Trump recently announced a new 25% tariff on steel and 10% tariff on aluminum imports. Tariffs are a horrible policy and protectionism doesn’t work! It might save a few jobs in the very short term but long term it’s a major job killer! Protectionism makes our companies less innovative and actually leads to U.S. companies being less competitive overseas! This is exactly what we don’t need right now! Tariffs cause a lot of intended consequences and I mention many of them in this episode.