New Tariffs, New Patterns of Trade

Global trade is undergoing a significant shift as U.S. tariffs reshape international relationships, particularly with China, Colombia, Mexico, and Canada. The complexities of reciprocal tariffs complicate trade and manufacturing dynamics. Non-tariff barriers and nearshoring strategies are emerging as vital considerations. Sectors like semiconductors face unique challenges, while others, like automobiles, may adapt more readily. The podcast highlights the movement of production to Vietnam and India and the potential inflation and slower growth risks for the U.S. economy.