Cooler Heads Are Not Prevailing

Jacob Shapiro welcomes back Peter Harrell, visiting scholar at Georgetown's Institute of International Economic Law and former White House senior director for international economics. Trump keeps finding new legal tools - including a forgotten 1930 law now aimed at Canada - and companies have stopped investing because they can't guess what comes next :/ Also, Washington has quietly bought stakes in 37 companies, with no rules and almost no transparency around any of it.--Timestamps:(00:00) - Welcome and Setup(00:27) - Why Tariffs Matter Now(02:18) - Rapid Fire Tariff Tools(03:29) - Supreme Court Fallout(05:44) - Graham Sanctions Act(10:22) - Smoot Hawley Meets USMCA(11:35) - Canada Tariff Mechanics(15:49) - What Trump Wants(21:35) - USMCA Future Scenarios(23:47) - After Trump Trade Path(25:30) - Next President Tariff Reset(28:21) - Trade Policy Inflection(29:25) - Biden vs Trump Tariffs(30:45) - China Tariffs Reality(33:08) - Rules of Origin Loopholes(35:52) - Democrats China Debate(37:22) - Industrial Policy Needed(39:25) - Drones Case Study(44:14) - Manufacturing Culture Shift(48:29) - Investment Needs Certainty(50:41) - Government Equity Stakes(52:13) - Sovereign Wealth Concerns(56:03) - Wrap Up and Outro--Referenced in the Show:--Jacob Shapiro Site: jacobshapiro.comJacob Shapiro LinkedIn: linkedin.com/in/jacob-l-s-a9337416Jacob Twitter: x.com/JacobShapJacob Shapiro Substack: jashap.substack.com/subscribe --The Jacob Shapiro Show is produced and edited by Audiographies LLC. More information at audiographies.com--Jacob Shapiro is a speaker, consultant, author, and researcher covering global politics and affairs, economics, markets, technology, history, and culture. He speaks to audiences of all sizes around the world, helps global multinationals make strategic decisions about political risks and opportunities, and works directly with investors to grow and protect their assets in today’s volatile global environment. His insights help audiences across industries like finance, agriculture, and energy make sense of the world.--