On this episode of the podcast, international trade expert Shanker Singham who served as a former advisor to both the United Kingdom (UK) and United States (US) Trade Representatives, breaks down the real impact of President Donald Trump’s tariffs. Singham identifies three categories of tariffs: non-trade related, general revenue, and those targeting unfair trade practicies. But he doesn’t stop there, Singham explains why non-tariff barriers, such as regulatory distortions and state-owned enterprises may pose an even greater challenge to global markets.

Singham goes on to critique past trade policy for fixating on tariffs while overlooking these deeper structural issues. He makes the case that President Trump’s tariff strategy is designed to reduce global distortions and ultimately benefit, not just the US, but its trading partners across the world as well.

You can learn more about Singham by visiting his website: ShankerSingham.com or by following him on X: @ShankerASingham.