New U.S. tariffs rattle the rest of the world

The shaky world economy is set to face another wave of turbulence. American President-elect Donald Trump has pledged new tariffs on Mexico, Canada, and China, the top three U.S. trade partners. Are Trump's tariff threats bargaining chips to push for favorable deals? Does the world have to go through what happened during Trump's first term all over again? Who could be the next target of Trump's tariff threats? And how can businesses and governments adapt to mitigate the negative impacts of these tariffs? Host Tu Yun joins Professor Joseph Siracusa, Dean of Global Futures with Curtin University, Australia, Harvey Dzodin, a Senior Fellow at the Center for China and Globalization, and Dr. Yao Shujie, Chueng Kong Professor of Economics, Chongqing University, China, for a close look at the issue on this episode of Chat Lounge.