In this episode of Trade Policy Decoded, Pru and Peter provide an update on key trade policy developments over the past fortnight. They delve into the implications of US domestic legal cases aimed at reversing President Trump's Liberation Day and fentanyl tariffs. They also look at other US domestic measures raising concerns for trade partners including budget measures targeting digital services taxes, crackdowns on US universities and National Guard actions in California.
With Peter and Pru having just attended the Department of Foreign Affairs and Trade's CPTPP Business Symposium, they outline views on the need for economies to band together to counter Trump-created chaos, but equally the difficulty in crossing traditional red lines to foster collaboration. The Australia-EU is a case in point where both sides will need to compromise further to get this agreement across the line.
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Recorded on 13 June 2025