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Trump's 'Made in America'. Will it work? / The Theory of Comparative Advantage
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Hosted by Justin Hayden Miller, a Global Trade lawyer (with 25 years' experience) formerly at the Big 4 and now partner in one of Europe's largest commercial law firms.
**Episode Description**
In this episode, we dive into President Trump’s ambitious “Made in America” policy, exploring whether his push to bring manufacturing back to American soil will succeed—or falter.
The episode blends economic insights, practical life lessons and storytelling, to determine whether Trump's policy will be a success or not.
**Key Topics Covered**
- Comparative Advantage Explained: Why countries specialize (e.g., Germany’s cars, U.S. fracking gas) and how Trump challenges this economic cornerstone.
- Life Lessons: How to apply *Comparative Advantage* to your personal and professional life for better productivity and collaboration.
- Trump’s Tariffs: The economic shockwaves of tariffs on Canada and China.
- The Plant Metaphor: How a “cast iron” Aspidistra mirrors the U.S. economy and the risks of “transplant shock” in Trump’s on-shoring strategy.
- Will It Work?: Is moderation required to have a chance of working and to avoid economic upheaval?
**Call to Action**
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**Resources & References**
- IBISWorld Report: [Canada’s Shrinking Auto Industry](https://www.ibisworld.com/canada/industry-trends/biggest-exporting-industries/)
- BBC Article: [Challenges of Relocating North American Auto Industry](https://www.bbc.com/news/articles/cn7vjlv7pzdo)
- David Ricardo’s *Comparative Advantage* (1817): Learn more about this foundational economic theory.
- Adam Smith’s *The Wealth of Nations* (1776): The roots of *Absolute Advantage*.
Tags: #TrumpPolicies #MadeInUSA #ComparativeAdvantage #EconomicsPodcast #Tariffs #GlobalTrade #PersonalProductivity
**Next Episode Teaser**
Brexit!
CONTACT DETAILS:
Twitter: @JustinHaydenM
LinkedIn: https://www.linkedin.com/in/justin-hayden-miller-7b2a695/
Email: [email protected]
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