How Trump’s tariff chaos is already changing global trade
1 min read
Summary
Flexport CEO Ryan Petersen talks about the impact of the Biden administration’s proposed ‘Buy American’ plan and the likelihood that the U.S. will be able to decouple itself from China in the coming years.
Petersen agrees with the notion that America’s ‘right to win’ is through innovation, but says he isn’t optimistic that the U.S. government will accept this outcome in light of recent trends.
Petersen predicts a shift to regional value chains and believes the U.S. government should work on speeding up supply-chain mapping to provide better visibility into the supply chains of American companies.
Petersen weighs in on the current tensions between Russia and Ukraine and the potential outcomes of the conflict.
Petersen is doubtful that the U.S. will be able to create a completely new set of supply chains and notes that China has deliberately positioned itself as the easiest supply chain option for companies.
Petersen calls for more AI adoption to help create solutions within the global trade ecosystem.
Petersen highlights that the U.S. government’s motivation for economic intervention is primarily to placate nationalistic voters, rather than to actually improve domestic manufacturing conditions.