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Welcome to the Quillette podcast, hosted on alternate weeks by me, Jonathan Kay, and by Iona Italia. Quillette is where

Freethought lives. We are an independent grassroots platform for heterodox ideas and fearless

commentary. You are about to hear a free preview of this week's episode. To hear the full

episode, and to get access to all our podcasts and articles,

visit us at quillette.com and click the subscribe button.

I'm your host this week, Iona Italia. You might have noticed that unusually I'm hosting two

podcasts in a row. That's because I felt it was important to air this particular

episode right away, given how topical the subject matter is. Those of you who are fans of John

Kaye, and I know a lot of you are, don't worry, he'll be hosting our next two consecutive podcasts.

Meanwhile, my guest this week is John H. Cochrane. John is an economist

specialising in financial economics and macroeconomics. He is the Rosemarie and Jack Anderson's

senior fellow at the Hoover Institution, and is the author of the blog The Grumpy Economist.

John explains to me what tariffs are, how they work,

what the implications of Trump's tariff policies are,

and what the current and potential future effects of his two and fro manoeuvres on this topic

have been and are likely to be.

...