I sat down with Scott Lincicome, trade expert and Vice President of General Economics at the Cato Institute, to discuss why tariffs and protectionism are bad policy. Despite bipartisan support for trade restrictions in recent years—especially those targeting China—Scott argues that tariffs are fundamentally at odds with American prosperity, raising prices, killing jobs, and weakening U.S. manufacturing. He explains why fears over trade deficits are misplaced, how offshoring has actually boosted American wealth, and what really drove deindustrialization in the Rust Belt.