About this episode

Brent Neiman discusses the economic impact of the 2025 tariffs and their implications for US-China trade relations.

Who bore the cost of 2025's sweeping tariffs? UChicago economist Brent Neiman returns to The Pie to discuss his new research with co-author Gita Gopinath examining the effects of last year's tariffs. Neiman reveals a gap between statutory rates and what was actually collected, explains why US importers absorbed the vast majority of costs, and discusses China's dramatic collapse as a US trading partner. He also explores the longer-term implications, including potential retaliation, shifting global alliances, and diplomatic costs that may outlast any short-term revenue gains.

People in this episode

Guest: Brent Neiman

Topics covered

• tariffs
• economics
• US-China trade
• import costs
• global alliances
• diplomatic implications

Keywords

• tariffs
• Brent Neiman
• Gita Gopinath
• US importers
• China trade
• economic implications
• retaliation
• global alliances

Mentioned in this episode

Organizations: UChicago

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