Heather Hurlburt is a former chief of staff in the Office of the U.S. Trade Representative during the Biden Administration and now a fellow at Chatham House. She is also someone I've routinely turned to over the years for insights into broader geopolitical trends. In our conversation today, we dig into the real geopolitical fallout from Donald Trump’s escalating trade war — and how the global balance of power is already shifting in ways that most people aren’t paying attention to. She explains why the trade war is about much more than tariffs, who the real winners and losers are likely to be, and what ripple effects we’re already seeing across Asia, Europe, Africa and beyond.

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