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Audio Briefs

A Partial Pause on Tariffs—Will the United States Choose Innovation Instead?

Apr 11, 2025
In this engaging discussion, Navin Girishankar, a CSIS expert and author, delves into the implications of President Trump's recent decision to pause tariffs. He explores how this move has stirred varied responses from the business community. The conversation highlights the historical effects of tariffs on U.S. manufacturing and emphasizes the critical role of innovation and technology in driving economic resilience for the future.
07:52
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Episode guests

Navin Girishankar

Podcast summary created with Snipd AI

Quick takeaways

  • The pause on tariffs represents a pivotal economic policy shift that aims to alleviate pressure on businesses while navigating international tensions.
  • The U.S. must balance its reliance on tariffs with a robust innovation strategy to enhance competitiveness and foster economic collaboration.

Deep dives

Impact of Tariffs on the Global Economy

The recent pause on tariffs by the U.S. government reflects a significant shift in economic policy, which has stirred relief among businesses and investors. Despite this pause, a substantial stack of tariffs remains, especially on allied countries, while tensions with China continue to escalate, impacting American consumers through increased prices on imports. This situation highlights the transition from a historically cooperative global trading system, established by leaders like Ronald Reagan and Margaret Thatcher, towards a fragmented approach that risks escalating trade wars. The shifting dynamics point towards the need for a new strategy that prioritizes negotiation and stability over punitive measures that undermine international economic relationships.

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