'Recipe for Inflationary Pressures:' Holtz-Eakin on Trump Tariffs

The transcript discusses the potential economic impact of tariffs on Canadian oil, highlighting the inflationary pressures and retaliatory measures from Canada and Mexico. It explores negotiation strategies, focusing on auto production and border control. The discussion also covers the inefficacy of tariffs in balancing trade deficits and generating revenue, and the role of the CBO in legislative scoring, emphasizing the challenges in achieving desired economic outcomes.

What does the text suggest about the potential revenue from tariffs?

What is the overall strategy suggested in the text regarding tariffs and international economic policy?

How does the text characterize the legislative effort related to tariffs and its scoring?