Trade War Escalates: How Bad Will Economic Fallout Get? | Phil Magness

🔒 Get 20% off DeleteMe by going to https://joindeleteme.com/DAVIDLIN and use code DAVIDLIN to protect your privacy! And 🔈 Listen to What the Hack?, an award-winning, true cybercrime podcast: https://pod.link/1571482669 Phillip W. Magness, Senior Research Fellow and David J. Theroux Chair in Political Economy at the Independent Institute, discuss escalating U.S. trade tensions, tariff policy, consumer costs, and the broader impact on America’s economy and global relationships. Watch Phil's last interview:    • Will 2025 Repeat the Great Depression? 'Pe...   *This video was recorded on August 31, 2026. To get 5% off of your CoolWallet purchase, use my link: https://www.coolwallet.io/discount/da... Subscribe to my clips channel:    / @davidlinreportclips   Subscribe to my free newsletter: https://davidlinreport.substack.com/ Listen on Spotify: https://open.spotify.com/show/510WZMF... Listen on Apple Podcasts: https://podcasters.spotify.com/pod/sh... FOLLOW PHIL MAGNESS: X (@PhilWMagness): https://x.com/PhilWMagness Website: https://philmagness.com/ The Independent Institute website: https://www.independent.org/ FOLLOW DAVID LIN: X (@davidlin_TV): https://x.com/davidlin_TV TikTok (@davidlin_TV):   / davidlin_tv   Instagram (@davidlin_TV):   / davidlin_tv   For business inquiries, reach me at david@thedavidlinreport.com DISCLAIMER: This video is for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice. Always conduct your own research and consult a licensed financial professional before making any investment decisions. The views and opinions expressed by guests are solely their own and do not represent the views of this channel. Any forecasts or forward-looking statements are based on personal opinions and are not guarantees of future performance. This channel may include sponsors or affiliates. Their inclusion does not constitute an endorsement, and the channel is not responsible for the performance, claims, or actions of any sponsor, affiliate, or third party. No content in this video should be interpreted as a solicitation to buy or sell any securities or assets. Investments carry risk, including the potential loss of principal. 0:00 - Intro. 1:28 - Trump’s Canada Test Case & Smoot-Hawley 9:03 - Who Really Pays For Tariffs? 12:37 - Supreme Court Ruling & Trump’s Tariff Workarounds 14:42 - Why Tariffs Haven’t Triggered A Depression 16:48 - Canada Tariffs Hit U.S. Cars & Housing 19:10 - China, G20 & America’s Trade Strategy 23:21 - Venezuela Oil, Iran & U.S. Foreign Policy 26:03 - Tariff Backfire, Permanent Damage & Dollar “Chaos” #economy #tariffs #canada