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Trump's tariff policy built on the false claim 'free trade destroys middle-class incomes'

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02:20

US President Donald Trump announced his "reciprocal tariffs" plan on Thursday.  The Cato Institute recently criticized the move, arguing that Trump's tariff policy is based on the misleading narrative that "free trade undermines middle-class wages".  

This episode examines the Cato Institute's findings, warning that Trump's tariffs could backfire, potentially triggering a new economic downturn.

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