Tariff Debate Features Schiff, Morrison, Risks for U.S. Economy

A debate on tariffs is set to take place, featuring libertarian economist Peter Schiff and MAGA economist Spencer Morrison, highlighting the stark differences in their economic philosophies. Schiff argues that tariffs harm American consumers more than they benefit domestic producers, emphasizing the need for free trade to maintain economic independence and consumer choice. Meanwhile, former U.S. trade representative Robert Lighthizer, a proponent of high tariffs, will speak at a Canadian conference, raising concerns among local politicians about the implications of U.S. trade policies. Lighthizer's presence underscores the ongoing trade tensions between the U.S. and Canada, particularly amid punitive tariffs on autos and metals. Economists like Professor David Mitchell are advising caution, suggesting that while the situation is concerning, there is no need for panic. The overall discourse reflects a significant divide in economic strategy within both the U.S. and Canada regarding trade tariffs.