Ones and Tooze Trump’s Trade War with China
87 snips
Apr 11, 2025 The podcast dives into the rollercoaster of Trump's trade war, with a surprising three-month pause on tariffs but hikes reaching 125%. China retaliates with 84% increases, raising questions about policy goals and economic fallout. The hosts dissect the chaotic U.S.-China trade dynamics, highlighting the tensions between decoupling and de-risking. They explore the strategic implications of tariffs and the challenges of protectionism, while also examining the urgency of long-term energy policies amidst shifting economic realities.
AI Snips
Chapters
Transcript
Episode notes
Decoupling with China
- The "decoupling" of US-China trade has become a reality, despite previous dismissals of this policy.
- This decoupling is a significant shift from earlier discussions of merely "de-risking" the relationship.
Origins of De-risking
- The concept of "de-risking" originated in Europe, specifically from Ursula von der Leyen's commission.
- The Biden administration adopted the term to appease European concerns, particularly those of Germany, which has strong industrial ties with China.
Trade-Ending Tariffs
- The 125% tariffs effectively end trade between the US and China, exceeding the impact of sanctions on Russia.
- This outcome is considered a devastating blow to the global economy.