The Paradox of Economic Hegemony and Reserve Currency

Oren Cass, founder and chief economist of think-tank American Compass, sits down with Freddy Gray at the ARC conference in London. They react to the announcement by President Trump over the weekend of reciprocal tariffs: the decision by the US to match import duties levied by other countries. 

What's the strategy behind Trump's decision? And what could the consequences be for American companies and for global trade? They also discuss the broad political consensus behind free trade in the US since the 1990s. Given the 'lived reality' that faced many American investors and companies - for example competing with Chinese Electric Vehicles - was the free trade really working anyway?

Produced by Natasha Feroze and Patrick Gibbons.