We’ve Been Looking At Trade All Wrong
Why It Matters
Council on Foreign Relations
4.2 • 876 Ratings
🗓️ 19 March 2025
⏱️ 33 minutes
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Summary
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| 0:00.0 | I want to make them an office cavern. |
| 0:05.3 | I'll trade you. |
| 0:06.9 | Lesson number one. |
| 0:09.7 | Don't underestimate the other guy's greed. |
| 0:16.7 | Lately, trade has been a huge topic of discussion, |
| 0:24.8 | propelling it from a boardroom, on the hill, in the weeds issue, to a hot-button front-page debate. |
| 0:30.3 | We're launching a trade war, and it's going to affect us. |
| 0:33.5 | Suddenly, the American public is privy to everything, from tariffs. |
| 0:38.3 | What started with Washington's tariff hikes on steel and aluminum is now a harbinger of a trade war |
| 0:44.3 | that could... |
| 0:45.3 | Two supply shortages. |
| 0:46.3 | ...cancify drug shortages and limit medical device makers. |
| 0:50.3 | Two international partnerships. |
| 0:52.3 | And to be honest, when you, Canada only works as a state. |
| 0:55.0 | It doesn't, we don't need anything they have. |
| 0:57.0 | In times like these, people look to academic institutions, |
| 1:01.0 | government officials, and foreign policy organizations |
| 1:04.0 | to know the norms and rules of the game, |
| 1:07.0 | and how to trade with countries around the world, |
| 1:09.0 | using the guidelines we created. |
| 1:11.6 | But what if everything we thought we agreed on about trade is no longer effective? |
| 1:18.6 | What if, in this new world, a consensus in Washington no longer exists? |
... |
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