Navigating Tariffs and Trade Policy

This chapter examines the evolving landscape of trade negotiations, emphasizing the diminishing role of the WTO and the complexities introduced by recent U.S. tariff strategies. It highlights how reciprocal tariffs can create uncertainty for investors and affect international relations, particularly with countries like Colombia under agreements such as USMCA. Additionally, the discussion addresses the administrative challenges posed by multiple tariff schedules and the potential long-term implications for a structured trading system.