The Truth About Tariffs, Trade Wars & US Manufacturing | Govindraj Ethiraj | The Core Report

In This Episode Of The Core Report With Govindraj Ethiraj, Global economist Dr. Richard Baldwin explains why tariffs alone won’t bring back manufacturing jobs in the United States. He unpacks the real effects of Trump’s protectionist trade policies, how they differ from traditional sectoral tariffs, and why reindustrialization requires more than just trade barriers.

From the rise of cascading protectionism and domino liberalisation, to the shifting roles of China, India, and Brazil in a fractured global trade system, Dr. Baldwin outlines how companies and countries must adapt.

Chapters
(00:31) A Quick Wrap
(09:44) Why Trump’s Tariffs Are Unlike Anything Since World War II
(13:48) The Myth of Bringing Back Manufacturing Jobs
(15:26) Ripple Effects: Cascading Protectionism and Domino Liberalisation
(19:46) From Obama to Trump: How America Turned Against Globalisation
(27:44) Strategic Tariffs, Supply Chains, and the Weaponisation of Trade
(29:40) Why Businesses Must Build Resilience Beyond the U.S. Market


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