Trump's Approach to Economic Statecraft

Edward Fishman on Trump's approach to economic statecraft. The world is still reeling from Trump’s announcement of major retaliatory tariffs targeting all of America’s trading partners, which came back in April. First, Trump announced a basic 10% tariff on imports from all countries. Then, higher tariffs were applied to 60 countries. Soon after, Trump announced he would pause the implementation of the tariffs, except for the measures against China, which he escalated further. But then more tariffs came. The kneejerk changes in US trade policy have plunged global financial markets and supply chains into chaos, marking an unprecedented new turn in the American president’s use of economic coercion.Edward Fishman is a Senior Research Scholar at the Center on Global Energy Policy and an Adjunct Professor of the School of International and Public Affairs at Columbia University. He is also the author of a new book titled Chokepoints: American Power in the Age of Economic Warfare. The Sanctions Age is hosted by Esfandyar Batmanghelidj and Josefine Petrick.To receive an email when new episodes are released, access episode transcripts, and read the hosts reflections on each episode, sign-up for the The Sanctions Age newsletter on Substack: https://www.thesanctionsage.com/