Trump's Tariff Formula 'Makes No Economic Sense' and is Based on an Error, Says Economist

Stan Veuger, Senior Fellow at American Enterprise Institute, explains his view that the formula that the White House is using to decide tariff rates for each country is flawed and based on a mathematical error. Veuger argues that the mistake makes the rates 4x what they should be. He explains the potential damage that can be done to economic growth, the supply chain, and investment in the U.S.. While the Trump Administration is laser-focused on eliminating trade deficits, Veuger lays out why deficits paint an incomplete picture about trade relationships and don't fairly represent whether the U.S. is getting "ripped off." This conversation is hosted by Kyla Scanlon.