President Donald Trump had promised new tariffs on Canada, Mexico and China. However, after negotiations with both Mexico and Canada on Monday tariffs against those countries are paused for at least a month. He said tariffs are not a negotiating tool, but he's used them as one as recently as January in a dispute with Colombia. Today, we dissect the game theory behind Trump's use of tariffs.
Related episodes: Canada's key resource against Trump's potential trade war (Apple / Spotify) How tariffs have been used throughout US History (Apple / Spotify) The game theory that led to nuclear standoffs (Apple / Spotify)
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