Global trade showdown: Trump's tariff strategy unleashed

With the 90-day pause on reciprocal tariffs set to expire on August 1, U.S. President Donald Trump has signed an executive order letting the pause lapse. As of July 9, notices have gone out to 22 countries, and new tariff rates are on the way. Tariffs are now both a bargaining chip and a blunt instrument in a high-stakes effort to revive American manufacturing, but at what cost? In this edition of The Hub, Wang Guan sat down with Tyson Jominy, VP of Data & Analytics, J.D. Power, Einar Tangen, senior fellow at the Taihe Institute & chairman of the Asia Narratives Substack, and John Gong, professor of Economics at the University of International Business and Economics, to unpack the ripple effects of these new policies. With supply chains straining, U.S. manufacturers are feeling the heat and global trade dynamics are shifting fast. What will be the real-world consequences of a tariff-heavy strategy, how to envision the future of global trade, and will it be enough to revive the manufacturing base in the U.S.?