Apr 3, 2018
In this episode we turn our attention to trade, and in particular, the fallout from the recent imposition by the United States of tariffs of up to 25% on steel and 10% on aluminium products. President Donald Trump has justified the duties by claiming that the US is suffering from what he terms as 'unfair trade.' And while some countries have agreed exemptions from the tariffs, they have sparked an angry response from China. China has now imposed its own retaliatory measures that include a number of US agri-food items such as pork, nuts, fruit and wine - with the threat of more to come.
Are we on the verge of a trade war that could have an adverse impact on global trade of food and drink products? What about the commentators who are claiming that such actions by the US mean the World Trade Organization is now irrelevant and on its deathbed?
Adam Sharpe speaks to policy experts on both sides of the Atlantic, Peter Ungphakorn and Roger Bernard to find out more.
Access additional resources on this topic, including articles from IEG Policy, on the episode webpage - http://bit.ly/2q4BjWU