Trump's Tariff Wall (Mercantalism & Protectionism)

Privileged Discussions is now Global Trade Deciphered, a sharper reflection of our focus on global trade and business. Same expert insights, new name. Global Trade Deciphered is a Privileged Discussions Productions podcast. Thanks for joining us!

Episode Description

Justin Hayden Miller, a global trade lawyer, explores Donald Trump’s tariff policies from their historical roots in mercantilism and protectionism, their modern implications, and how these relate to Trump’s trade agenda.

Key Topics Discussed

• Tariffs Explained and Trump’s Tariff Plans: Taxes on imported goods that affect prices and economies. Trump's intended tariff policy.
• Mercantilism History:
  • Spain: Bullionism 
  • France: The Great Colbert. Tariff protections for industries and boosted manufacturing.
  • England: Splendid Isolation and trade independence.
  • Germany: Friedrich List’s tariff approach for emerging industries.
• Mercantilism vs. Protectionism:
  • The differences between the two.
• Trump’s Strategy: Mercantilism (trade surpluses), Protectionism (US industry support) and Colbert-like industrialization efforts.
• Historical Impact: British mercantilism, the Boston Tea Party and American independence.

Call to Action

• Subscribe: Listen to Episode 4 on Free Trade and Trump’s tariffs.
• Rate: Help others find the podcast with a quick rating.

Legal Disclaimer

This podcast is for informational purposes only and does not constitute legal or financial advice. Views are those of Justin Hayden Miller and not that of any law firm or third party.

About the Host

Justin Hayden Miller, a French advocate and partner at a top European law firm, specializes in global trade, customs, and VAT with over 25 years of experience.

Tune in for Episode 4 to explore the free trade angle.

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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.

Chapters

• 0:00 Introduction to Trump's US Trade Tariffs and importance of history
• 3:09 What Are Tariffs, their Impact and Politics
• 5:45 Historical Roots of Mercantilism
• 9:37 Spanish Mercantilism and Bullionism
• 13:08 French Mercantilism and Colbert
• 22:13 British Splendid Isolation Policy
• 27:45 German and US Protectionist Influences
• 32:54 Mercantilism, Protectionism and American Independence