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 Administration
- 15:33 USMCA: Challenges and Opportunities
- 18:18 Future of USMCA and Trade Relations
- 26:20 Leveraging Canada's Energy and Resources
- 32:14 The Role of Services in Modern Trade Policy
- 40:33 Emerging Trade Clubs and Global Trade Governance
- 47:28 The Future of USMCA and Global Alliances
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