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.