Global Trade Deciphered
Global Trade Deciphered is your essential guide to navigating the complex world of Global Trade and its intersection with Geopolitical Global Trends and Current Affairs.
Hosted by Justin Hayden Miller, a Global Trade lawyer - formerly at the Big 4 and now a partner at one of Europe’s largest commercial law firms - he interviews leading world experts and provides insightful alternative perspectives.
With a focus on breaking news, developments, and alternative perspectives, 'Global Trade Deciphered' equips business leaders, policy makers and those eager to make sense of Global Trade, with the knowledge to stay ahead in the field.
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Global Trade Deciphered is a Privileged Discussions Productions podcast. Thanks for listening!
Global Trade Deciphered
Trump and Tariffs (Darwin & Survival of the Fittest, or the Strongest!)
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
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, particularly as regards to Canada and China.
The episode concludes considering:
- Comparisons with Darwinism: The theory of Survival of the Fittest, with modern day approaches to trade, drawing parallels with current events.
- Risks of Rule-Changing: Analyzing the potential consequences of the U.S. reshaping global trade rules, which could inadvertently advantage competitors like China.
It considers:
- U.S. Tariff Policies: 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.
- Historical Parallels: Comparing current U.S. policies to the UK’s Brexit experience and the economic isolationism of the past, with insights into how trade barriers reshape alliances.
- 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.
- Canada as a Case Study: Examining the U.S.-Canada trade relationship as a litmus test for broader tariff policies and their impact on historic alliances.
- 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.
Artistic references mentioned in the episode:
The album 'Love' by The Cult; produced by Steve Brown; release date October 1985; post-punk, alternative hard rock.
Link on Spotify: https://open.spotify.com/album/2hallpchkYldMa5lGGf1Ko
Link on Deezer: https://www.deezer.com/da/album/10982342
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.
