Tariffs: How high? Who pays? What’s their impact on trade deficits? And while tariffs are up in 2025, Brent’s research reveals that actual tariff rates are only half as high as headlines suggest. Join our newsletter to get more commentary like this from leading experts on economic developments and their ramifications: https://www.hoover.org/podcasts/economics-applied?utm_source=youtube&utm_medium=description&utm_campaign=ea_youtube&utm_content=02252026 __________ The opinions expressed are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University. © 2026 by the Board of Trustees of Leland Stanford Junior University. 🔔 Subscribe for more discussions: @HooverInstitution 👍 Like and share this video! 🌐 Follow us on social media: • Facebook: https://www.facebook.com/HooverInstStanford • LinkedIn: https://www.linkedin.com/company/hoover-institution-at-stanford-university • Instagram: https://instagram.com/hooverinstitution • X: https://www.twitter.com/HooverInst