This Is Not A Drill with Gavin Esler

Trump's trade war: How risky a game is he playing?

Nov 27, 2024

Gavin Esler chats with Mary Lovely, a senior fellow at the Peterson Institute specializing in US-China trade, and Rebecca Harding, a trade economist with the British Foreign Policy Group. They dissect the implications of Trump's proposed tariffs and their potential to ignite a trade war. The conversation highlights concerns over rising inflation, the risks to American consumers, and how these policies may reshape global relations. They also explore China's strategic responses and the overarching shift from globalization to fragmentation in international trade.

43:21

Episode guests

Mary Lovely

Rebecca Harding

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Trump's proposed tariffs could significantly burden American consumers, leading to higher prices and reduced purchasing power amid economic instability.

The geopolitical landscape is shifting towards nationalism, risking decreased global cooperation on critical issues like climate change due to rising tensions.

Deep dives

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Intro

5min

Tariffs and Their Impact on the American Economy

4min

Navigating U.S.-China Economic Relations

7min

China's Trade Strategy Amid Tensions

3min

Navigating Climate Change and Trade Dynamics

5min

Globalization in Fragmentation

16min

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Donald Trump’s talk of boosted tariffs has sparked concerns of a major trade war with America’s rivals. The Chinese government has responded that “no one will win a trade war” and with economists warning that tariffs are liable to increase inflation, who will be the losers of Trump’s trade policies? And how would tariffs affect global relations in an already unstable world?

To discuss the potential economic and geopolitical impacts of Trump’s tariffs, Gavin Esler talks to US-China trade expert Professor Mary Lovely, a senior fellow at the Peterson Institute for International Economics, and trade economist Dr Rebecca Harding, senior fellow at the British Foreign Policy Group.

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Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com. Executive Producer Martin Bojtos. Group Editor Andrew Harrison. This Is Not A Drill is a Podmasters production.

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