‘Tariffs push growth down’: Why the U.S. may lose high-value manufacturing

University of Toronto economist Joseph Steinberg joins The Hub to examine whether Donald Trump’s tariffs can actually boost American manufacturing or if they might have the opposite effect. Steinberg presents his research showing that although tariffs could lead to some long-term reindustrialization, the benefits would be concentrated in low-tech “toy” manufacturing sectors, while higher-value manufacturing like automobiles and heavy machinery would actually shrink.

You can listen to this episode on Amazon, Apple, and Spotify.