210. Jonathan Freedman — Delving Into Tariffs, Foreign Policy, and Utah's Foreign Trade Zone

Business Elevated

Season 7 Episode 11: In this episode, Pete Codella, managing director of business services at the Governor's Office of Economic Opportunity, talks with Jonathan Freedman, president and CEO of World Trade Center Utah (WTC Utah).

Freedman highlights the numerous trade missions and foreign dignitary visits WTC Utah facilitates, emphasizing the state's commitment to global engagement. He also addresses the impact of tariffs on Utah's economy, explaining their potential benefits, such as boosting domestic manufacturing and generating federal revenue, while acknowledging the risks of increased costs for businesses and consumers.

Freedman elaborates on the importance of the Foreign Trade Zone (FTZ) and WTC Utah's role as its grantee, highlighting how the organization is making the FTZ more accessible to Utah businesses by providing cost-benefit analyses and guidance. He also discusses Utah's unique position regarding critical minerals and the challenges and opportunities associated with their extraction. Freedman highlights Utah’s commitment to subnational diplomacy and proactive international trade efforts, particularly with Canada and Mexico, amid shifting federal trade policies.