In this episode of the Economy and Finance Podcast, we explore one of the most misunderstood topics in global economics: why tariff wars almost always hurt the very people they claim to protect.

We break down how tariffs work, who really pays the bill, the surprising “double win” for big importers, the massive refunds governments sometimes have to make, and the long-term damage to growth, innovation, and purchasing power.

Using clear storytelling and real-world examples, we reveal the economic mechanics behind deadweight loss, inflation, supply chain chaos, and wealth transfers from ordinary citizens to corporations.

Whether you’re an investor, business owner, or simply want to understand what’s happening in the global economy, this episode gives you timeless insights that go far beyond the headlines.