How Would Higher U.S. Tariffs on China Affect American Consumers?

The transcript discusses the dynamics of trade negotiations, particularly between the US and China, and their implications on the 2020 elections. It highlights the economic impact of tariffs on consumers and farmers, and the political rhetoric surrounding trade policies. The discussion also touches on the challenges the US faces in managing international trade's winners and losers, emphasizing the need for a strong social safety net.

What challenges does the US face in managing the winners and losers of international trade?

In what ways have US farmers been affected by retaliatory actions due to tariffs?