Trump Wins: Trade Strategy Under His Administration

Trump Wins: Trade Strategy Under His Administration

November 21, 2024 · 51 min · Season 4 · Episode 3

About this episode

The episode discusses the implications of the recent US elections on global trade policy, focusing on tariffs under the Trump administration.

In this episode of Trade Knowledge Matters, Amar discusses with Meredith Lilly, Professor and Simon Reisman Chair in International Economic Policy, Carleton University and Simon Lester, Founder, WorldTradeLaw.net and China Trade Monitor. He is also a non-resident Fellow at the Baker Institute. They delve into the implications of the recent US elections on global trade policy, particularly focusing on tariffs under the Trump administration. Key Takeaways Trump's administration views tariffs as a multipurpose economic tool. The proposed tariffs could significantly impact American households. Canada and Mexico are particularly vulnerable to US tariff policies. Risk mitigation strategies are essential for trade partners. The USMCA provides a framework for ongoing trade negotiations. Digital services taxes may provoke US retaliation. China's trade practices will be a focal point in negotiations. Chapters 00:00 Introduction to Trade Policy Post-Elections 02:35 Trump's Tariff Strategy and Its Implications 05:01 Routes for Tariff Implementation 07:56 Impact of Tariffs on Canada and Mexico 10:41 Risk Mitigation Strategies for Trade Partners 13:00 Negotiation Strategies with the Trump…

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