The Munk Debates Podcast
Friday Focus: America and China's trade war is destabilizing the global economy
Apr 11, 2025
The podcast delves into the escalating trade war between America and China, highlighting its destabilizing effects on the global economy. It discusses the rising tariffs and the psychological motivations behind leadership decisions. The transformation of China’s manufacturing sector is explored, along with its challenges for global markets. The conversation touches on the relationship between trade, technology, and job losses in the U.S., warning against rising populism and the complexities of malinvestment in global dynamics.
20:15
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Quick takeaways
- The escalating trade war between the US and China, driven by tariffs over 100%, threatens global economic stability and trade relations.
- Trump's unpredictable decision-making style complicates negotiations with Xi, potentially emboldening China and risking deeper political and economic repercussions.
Deep dives
Escalating Trade Tensions
The trade war between China and the United States is intensifying, with both nations implementing retaliatory tariffs that have significantly increased the cost of trade. Current tariffs exceed 100% on certain commodities, leading to a situation where almost half a trillion dollars worth of trade is effectively taxed. This escalation is perceived as unique compared to previous trade disputes, given the rapid pace and the high stakes involved, as both leaders have staked their political prestige on this issue. The ongoing conflict raises concerns about the potential long-term consequences on global trade relations, especially as the trade balance heavily favors China.
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