Steven Okun, CEO of APAC Advisors, joins Remy Blaire to dive into the implications of the Trump administration’s recent tariff policies following a Supreme Court ruling. They discuss the proposed new levies of up to 12.5% on trading partners, driven by concerns over forced labor and industrial overcapacity. They explore how these tariffs are likely to persist, impacting consumer prices in the U.S. and reshaping trade policy in the long term.
Steven emphasizes that the trade stalemate between the U.S. and China remains unresolved, with both countries continuing to exert leverage over each other. He highlights the emerging trend of countries diversifying away from reliance on the U.S. and China, referencing recent agreements like the EU-India pact and potential collaborations with ASEAN nations.
They also touch on the broader implications for global economic policy, particularly concerning rate differentials and the potential for inflation due to supply and price shocks stemming from geopolitical tensions, including the situation in Iran and the ongoing effects of covid-19 and the Russian invasion of Ukraine.
