Friday 22nd August 2025

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UIS trade policy has been turbulent, to put it mildly, since Liberation Day in April. Tariffs have moved up and down, some geographic, others sectoral. The reasons have fluctuated, from  stopping fentanyl, to trade imbalance, to political concerns. The benefits have been argued as protecting jobs, brining industries back home to raising revenue.

Dmitry Grozoubinski runs Explain Trade from Geneva, training government officials on complex trade negotiations. He has been involved in  many, having represented Australia at the WTO from 2014 to 2018. His latest book is ‘Why Politicians Lie About Trade’. He joins Phil to talk about this new trade environment, where deals take weeks not years. How should countries be negotiating in this new regime? How long will the current state of flux last? And is a high tariff trade environment the new normal?

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