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Trump’s trade war wasn’t just about “reciprocity”—it hinged on a claim top economists say doesn’t survive contact with data. Former BoE and BoC governor Mark Carney exposes the myth, and Nobel laureate Paul Krugman explains who really pays tariffs, how prices rise, and why “100% tariffs” talk hits supply chains, inflation, and your wallet. What you’ll learn: The core “lie” behind the tariff narrative—and why it keeps returning in US politics Paul Krugman’s breakdown of who pays tariffs and how costs cascade through the economy Mark Carney’s warning on inflation, supply chain risk, and global spillovers US–Canada–China dynamics: where leverage is real vs. political theater What tariff escalation means for markets, jobs, and consumer prices Chapters: 00:00 Intro: Narrative vs. numbers 02:15 The “reciprocal tariffs” promise—fact-check 05:40 Krugman: Who actually pays tariffs 09:10 Carney: Inflation, risk, and supply chains 13:25 US–Canada–China trade channels 17:10 Winners, losers, and what to watch next 20:45 Final takeaways and viewer Q&A Why this matters now: “100% tariffs” and “reciprocal tariffs” are back in the headlines, with real implications for prices, jobs, and the global economy. This breakdown separates facts from spin so you can judge the policy stakes for yourself. Join the conversation: Do tariffs protect jobs—or just raise prices? Drop your take below. If you value evidence-based analysis, tap Like, Subscribe, and the bell. It helps this reach more people who want data over hype. Resources and context: Paul Krugman on tariff incidence and consumer prices Mark Carney’s remarks on global risk and supply chains Public trade data and CPI trends from independent sources #Trump #TradeWar #Tariffs #PaulKrugman #MarkCarney #USEconomy #USPolitics #GlobalTrade #Inflation #BreakingNews