On this edition of Parallax Views, the Quincy Institute's Karthik Sankaran—writer, analyst, and longtime observer of global macroeconomic trends—joins the program to unpack the Trump administration’s sweeping new tariff policy. Billed as a "reciprocal tariff" strategy, the move abandons long-held trade norms like Most Favored Nation (MFN) status in favor of a confrontational approach that targets countries based on bilateral trade deficits with the U.S.

We'll end begin by discussing the logic and methodology that Karthik believes are driving the Trump tariff policies. We'll also delve into why the tariffs have been criticized across the board by neoliberals (of which Karthik describes himself as), right-wing libertarians like Thomas Sowell, and even progressively minded protectionists. The conversation will also delve into an area of particular interest to Karthik: how this will effect the Global South. We'll also delve into what the tariffs mean for U.S. foreign policy and international relations, why Brazil may come out of this better than other countries, what the tariffs mean for Europe and the EU, nearshoring vs. off-shoring and how nearshoring could be beneficial to Mexico, the U.S. move towards economic protectionism even under Biden, and what the tariffs mean for China.

Also, Karthik will address listeners that disagree with his neoliberal worldview. Karthik describes himself as a "Neoliberal Peacenik". Whether or not you agree with his overview worldview, hopefully you'll find it interesting and informative.