Donald Trump's tariffs split opinion—champions said they were leverage to rebuild U.S. industry, while critics argued they were hidden taxes that raised costs and invited retaliation. At last night's ZH Debate, Cornell chemistry professor Dave Collum — fresh off his Tucker Carlson controversy — moderated as Peter Schiff and Brent Johnson squared off on trade, tariffs, and the future of the dollar.

Brent is no fan of tariffs but thinks there is some wisdom to Trump's long-term plan and that the U.S. dollar still reigns supreme. Peter… well all ZH readers know where Peter stands.

Below were the key moments for those short on time:

Trump Has Trade Deficits Wrong

Peter Schiff argued that America's trade deficits are misunderstood. "It's actually the other way around," he said, pushing back on Donald Trump's claim that the U.S. is being taken advantage of. "We take advantage of the world. They give us goods produced at significant cost in resources, land, labor, capital… and all we do is run off dollars on a printing press, cost us nothing, and we give it to them."