Trade is the backbone of the global economy, but its workings are a mystery to many. What is a tariff? What is a trade war? Why is trade so complicated? The chaos wrought by Donald Trump's decision to impose tariffs on China, Canada, and Mexico – despite a thirty-day reprieve negotiated for the latter two - makes these and many other questions imperative to answer.
Ilana Bet-El is joined by Sylvia Chen, International Trade Policy and Compliance Consultant, and Sara Nordin, Partner in the Global Trade Practice of international law firm White & Case, to gain some understanding of how international trade works. Together, they outline the basics of trade law, how tariffs connect to policy measures, and how they influence modern trade and global supply chains. This episode is a necessary exploration of the actual trade underpinning any potential trade war on the horizon.
This episode was recorded on 5 February 2025.
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