This is the Cato Daily Podcast for Friday, March 4th, 2016. I'm Caleb Brown.

Donald Trump gets applause for promising to tax that is put tariffs on foreign produced goods.

The biggest losers in such a bad deal

would be American consumers on tight budgets.

Scott Linsicum, an adjunct scholar at the Cato Institute,

discusses how one of Trump's early endorsers

explained clearly how the poor would pay the price

for Trump's protectionism.

Chris Collins, you describe him as a Republican backbencher from New York has endorsed Donald Trump.

He was the first endorsement.

What do you take away from the endorsements that he gave?

He gave a little talk on MS NBC after issuing that

endorsement what did he say and what what struck you about it well what's wrote me

was it was a rather forthright admission, rare among those who advocate for tariffs and taxes on

imports and attack China, that American consumers would see significant price increases on pretty much

everything they buy. Representative Collins said he expected a 10 to 15%

increase in goods and services.

Now, I'm not going to check his math,

but the admission is great in that it shows the ultimate effect of Donald Trump's and others

protectionism and that is significant price increases for American consumers on food, clothing,

shelter, and the rest of everything they buy.

There was a Trump rally not too long ago where he basically said, you know, as he repeats quite often,

...