In the first year of his second term, President Trump has conducted a trade policy that features tariff cuts, tariff raises, and tariff exemptions. While the economic impacts of this tariff approach are uncertain, it's clear that the post-World War II rules-based liberal trade policy is over. On this episode, David Wessel talks with Kari Heerman, director of Brookings's Trade and Economic Statecraft Initiative, about Trump's pursuit of foreign policy objectives through trade actions.

Show notes and transcript.

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