Deal or no deal.

We have to win.

You have to make a deal.

It's America's game.

You know everything that had to happen without to happen?

Welcome to the show, everyone.

And today, let's talk about deals, specifically, trade deals.

As President Trump continues to raise and implement tariffs on everyone from our adversaries to our allies,

it's become even more important to know what trade agreements we currently have

so that we know which are up for renegotiation. We're at a crucial moment, one that could potentially

reorient or at least fundamentally shift the path of global trade. This could change the way

the world looks at U.S. trade policy. It could push allies to trade with adversaries and even lead to a recession on par with the Great Depression.

As CFR president and former trade representative, Michael Froman, said in the World This Week newsletter,

Uncertainty is upon us.

That lack of certainty now extends to trade deals, one of the pillars of global trade coveted by many U.S. partners.

I'm Gabrielle Sierra, and this is why it matters.

Today, we continue with our special series unpacking global trade.

So, spin the wheel, because when it comes to trade agreements,

there's no telling where the ball will land.

Enu, friend of the pod, welcome back to Why It Matters.

It is fantastic to be here. Thanks for inviting me.

This is Enumannic. She's a fellow for trade policy here at CFR.

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