Chang Tai She, a Professor of Economics at the University of Chicago, delves into the EU's decision to halt retaliation tariffs against the US amid escalating trade tensions with China. He discusses the potential fallout of President Trump's tariffs, which have surged by 125%. The conversation highlights how businesses, especially in smaller Asian economies, are grappling with the uncertainty of shifting trade routes. Additionally, the role of the World Trade Organization in stabilizing these dynamics is explored, revealing insights into the broader implications for global trade.
