4 • 601 Ratings
🗓️ 25 April 2025
⏱️ 43 minutes
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0:00.0 | Hi, I'm Ravi Agrawal, Foreign Policies Editor-in-Chief. |
0:05.8 | This is FP Live. |
0:10.1 | So we've all been focused on trade recently. |
0:13.3 | Trump's tariffs are going to have massive impacts on China and the United States. |
0:17.7 | We all know this. |
0:19.2 | But we also wanted to know what happens to everyone else. |
0:23.5 | What happens to smaller sized economies that have really come to depend on free trade in an |
0:30.1 | interconnected world? To put it more provocatively, are we seeing the end, or at least the beginning |
0:36.3 | of the end of globalization? |
0:39.3 | Now, globalization probably reached its peak sometime between the 1990s and the early 2000s. |
0:46.6 | Back then, free trade was unabashedly seen as a good thing. And then the so-called China shock, |
0:53.3 | when low-cost Chinese exports flooded global markets. |
0:58.1 | And to combat that in recent years, soft forms of protectionism were already taking off, |
1:03.6 | as regular followers of FP Live know. But Trump's tariffs threaten a much, much more |
1:10.0 | heightened era of protectionism with dramatic |
1:13.1 | global impacts? What will it do to global trade? How will it impact countries beyond just |
1:19.5 | China? And what will it do to the dollar? I have two great guests this week. |
1:26.0 | Ishwar Prasad is a professor of trade policy at Cornell University and the author of books |
1:31.3 | such as The Future of Money. |
1:33.5 | And Elizabeth Bra is a senior fellow at the Atlantic Council, an FP columnist, and the author |
1:38.8 | most recently of the aptly titled Goodbye Globalization, the Return of a Divided World. |
1:46.4 | Thanks to all of you for taking this survey we've been running the last couple weeks. |
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