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Privileged Discussions is now Global Trade Deciphered, a sharper reflection of our focus on global trade and business. Same expert insights, new name. 

Episode Description

In this episode, Justin Hayden Miller, a Global Trade & Customs lawyer and consultant, using clips of Margaret Thatcher, analyses latest developments of President Trump’s trade and tariff policies.

The episode concludes considering:

• Risks of Rule-Changing: Analyzing the potential consequences of the U.S. reshaping global trade rules, which could inadvertently advantage competitors like China.
• Comparisons with Darwinism: The theory of Survival of the Fittest, with modern day approaches to trade, drawing parallels with current events.

It considers:

• U.S. Tariff Policies: 2025 U.S. Trade Policy. Exploring President Trump's perspective on tariffs as a tool for economic dominance, with references to a pre-World War II "golden age" of U.S. trade funded by tariffs rather than income tax.
• Margaret Thatcher’s Legacy: Featuring archival clips of Thatcher defending her economic policies, Justin draws connections between her views on wealth creation and modern trade strategies.
• Soft Power vs. Hard Power: A discussion on the shift from diplomatic influence to economic coercion, with references to Joseph Nye’s concept of soft power and its relevance to U.S. global positioning.
• Economic Ideology: Debating the merits of free trade versus protectionism, with references to Adam Smith and the ideological underpinnings of current U.S. trade strategies.

Thatcher clips © : By permission: UK Parliamentary Recording Unit, All rights reserved

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*Disclaimer: This podcast is simply for informational and entertainment purposes only and does not in way constitute legal, business, financial or other advice whatsoever. Should you require advice then please seek such from an appropriately qualified professional, explaining your specific circumstances.