On April 2nd, a new slate of reciprocal U.S. tariffs are expected to take effect. President Trump has championed tariffs, saying they are needed in order to make things fair, to reduce the trade deficit and to bring manufacturing jobs back to the United States. But will his strategies work? <a href="https://www.piie.com/experts/senior-research-staff/mary-e-lovely">Mary E. Lovely</a>, of the Peter son Institute for International Economics, discusses the reasons behind and effectiveness of previous strategies on tariffs to explain how Trump's newest plans may pan out. Alex Ossola hosts.

Further Reading
<a href="https://www.wsj.com/video/series/wsj-explains/why-trumps-tariff-strategy-is-getting-riskier-according-to-economists/790003C5-6502-465F-B14B-425DA32C8D9F?mod=WSJ_WNPOD">Why Trump’s Tariff Strategy Is Getting Riskier, According to Economists</a> 
<a href="https://www.wsj.com/politics/policy/how-trumps-trade-war-played-out-at-breakneck-speed-d9c147b8?mod=WSJ_WNPOD">How Trump’s Trade War Is Playing Out At Breakneck Speed</a> 
<a href="https://www.wsj.com/livecoverage/trump-speech-congress-joint-session/card/trump-previews-reciprocal-tariff-action-set-for-april-2-KieV4obToN9tKLuQq6E7?mod=WSJ_WNPOD">Trump Previews Reciprocal Tariff Action Set for April 2</a> 
<a href="https://www.wsj.com/economy/trade/trump-tariffs-list-products-canada-mexico-china-b41351df?mod=WSJ_WNPOD">Trump’s Tariffs on Canada, Mexico and China: Here’s Where Things Stand</a> 
<a href="https://www.wsj.com/economy/trade/trump-tariff-enforcement-system-d3b0719f?mod=WSJ_WNPOD">Trump’s Tariff Onslaught Is Coming Faster Than His Team Can Carry It Out</a> 
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