Senior Fellow Phillip W. Magness is interviewed on RealClearPolitics on SiriusXM radio. Magness talks about the differences between tariffs and income taxes. He coauthored a recent Op-Ed in National Review “Don’t Substitute Tariffs for Income Taxes: You’ll Get Both.” He describes the tension in the Trump administration with goals from tariffs that are at odds. Magness calls it “Schrödinger’s Tariffs.”