The Breakdown Tariffs and the Attempt to Remake the Global Trading Order
34 snips
Nov 29, 2024 The discussion delves into the ambitious plans for global economic realignment led by the new administration. It highlights the strategic role of tariffs in reshaping relationships with Mexico, Canada, and China. The episode also explores Japan’s increased defense spending and the impact of currency devaluation on its foreign policy. Finally, it scrutinizes unconventional tariff strategies, weighing their potential effects on U.S. manufacturing and global trade dynamics.
AI Snips
Chapters
Transcript
Episode notes
Trump's Tariff Threats
- Trump threatened tariffs against China, Mexico, and Canada.
- These threats followed a pattern of similar past actions, like the 2019 tariff threat against Mexico.
Unprecedented Tariff Levels
- A 25% tariff applied generally across all products from China, Mexico, and Canada is unprecedented.
- These tariffs could severely affect their economies and increase US inflation.
Tariff Strategy Goal
- Trump's tariff strategy aims to shift the tax burden from income to tariffs.
- This represents a long-term strategic goal of global realignment, favoring US trade.