On this episode of the Global Economy Podcast, Fredrik Erixon speaks with ECIPE’s Chief Economist, Erik van der Marel, about the consequences of the Trump administration’s threat to impose tariffs, particularly in relation to global trade and the restructuring of the US economy. The conversation explores how US production and trade networks have evolved, the implications of high tariffs, and the impact of such policies on global value chains. It also highlights the integration of services, such as R&D, marketing, and consultancy, into new forms of globalisation. You can watch a video recording of this conversation here. You can read a transcript of the chat here.