Even before today’s Ukraine/U.S. meeting in the Oval Office, geopolitical positions are shifting at an alarming pace. Are countries ready for the full impact of Donald Trump’s trade and diplomatic policies?
To begin to unpack the changes both domestically and internationally, Jacob Shapiro of Bespoke Group and Shaun Haney sit down for another episode of Frontlines.
Shapiro outlines the shift in U.S. trade policy away from globalization towards a more mercantilist approach, focusing on trade surpluses and the impact of large economies — a very dated, pre-World War take on how global economies work. Shapiro emphasizes the potential negative effects on U.S. allies such as Canada and Mexico, particularly if the U.S. pursues a deal with China.
Calling it a re-programming of Frankenstein, Shapiro says he feels the European Union’s response to the U.S. in becoming more self-reliant and repositioning needs to happen at a much faster rate of change than most bureaucracies are used to. He argues that Turkey, despite its own challenges, may be better positioned to navigate the changing geopolitical landscape.
He predicts that inflation will be a significant constraint on U.S. trade policy, and that the U.S. relationship with Europe, particularly Germany, has been fundamentally altered.
Listen to the entire conversation, here (or download for later):
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