Riskgaming Making shoes isn’t the right strategy
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Apr 12, 2025 Josh Zoffer, a principal at Clocktower Ventures and former assistant to President Biden on economic policy, joins the discussion. He dives into the current market volatility driven by trade tariffs and globalization. The conversation highlights the need for innovation and strategic investments in American manufacturing. Zoffer emphasizes the importance of reshaping trade practices and tackling cultural barriers that hinder industrial growth. The trio also explores how government support can boost domestic production and foster a resilient workforce for future technologies.
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Tariffs' Ineffectiveness
- Indiscriminate tariffs are not an effective solution for trade imbalances.
- A revised set of global trade rules is needed to address unfair practices and prevent extreme responses.
Rules-Based Order
- Rules-based international order relies on powerful countries' cooperation.
- The WTO's effectiveness depends on countries' willingness to abide by the rules.
Shifting Tariff Focus
- Trump's initial trade focus was primarily on China, with some exceptions like the coal and steel tariffs.
- His recent tariffs have broadened, targeting a wider range of countries, including US allies.
