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US Trade Rep Katherine Tai Describes the New Era of Globalization
Sep 9, 2024
In this conversation, Katherine Tai, the United States Trade Representative, shares insights on redefining globalization with a focus on worker-centric policies. She discusses the shift in U.S.-China trade dynamics, emphasizing the bipartisan call for change and the impact of tariffs. Tai also highlights the importance of domestic investments and how to address socioeconomic gaps through international trade. Additionally, she reflects on the historical context of trade agreements like NAFTA and advocates for evolving strategies to foster equitable global economic relations.
56:42
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- The bipartisan agreement in the U.S. emphasizes the need to rethink trade policies with China due to national security concerns.
- The introduction of a worker-centered trade policy aims to prioritize the rights and well-being of American workers over mere economic growth.
Deep dives
The Rise of Direct Lending
Direct lending has significantly expanded as a vital source of capital in the private alternative market, benefiting both corporate borrowers and financial sponsors. This growth reflects a broader trend in which these entities increasingly seek private capital to fuel their expansion and operational needs. The environment has become competitive, necessitating faster access to financing, which direct lending can provide through streamlined processes. Consequently, this financing method has gained traction despite the evolving landscape of investment and lending practices.
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