In this episode of Modern Age , Dan McCarthy breaks down President Trump’s recent trade victories and challenges the mainstream narrative about tariffs, prices, and their impact on American consumers. Dan explains why the popular claim that tariffs are just a tax on consumers is misleading, and why many economists who make this argument actually know better. Using real-world examples and market theory, he shows how tariffs can strengthen domestic industry, increase competition, and keep prices stable. With new trade deals involving the European Union, Japan, the United Kingdom, and others, the United States is now influencing trade across more than half the global economy. Dan explores how Trump’s America First strategy is working, why the U.S. has unmatched leverage in global trade, and what it means for the future of manufacturing, jobs, and prices at home. If you have questions about trade, globalization, or who really benefits from tariffs, this episode will give you a clear, no-nonsense explanation.
