Episode 14: Ambassador Demetrios Marantis on the Price of Protectionism and Why We Can’t Afford to Give Up on Each Other

The EmpowHERment Show

Summary

In this episode of the EmpowHERment Show, Adama and Maddie talk to Ambassador Demetrios Marantis about the complexities of international trade, tariffs, and their impact on the economy. Demetrios is a global expert in international trade and geopolitical strategy, with senior leadership experience spanning the public and private sectors. A former Acting and Deputy U.S. Trade Representative under President Obama, he has held executive roles at J.P. Morgan Chase, Visa, and Square, and now leads an advisory firm while serving on multiple boards. He is widely recognized for his role in shaping U.S. trade policy, negotiating landmark agreements across Asia and Africa, and advising companies on navigating global risk.

Adama, Maddie, and Demetrios discuss the role of the U.S. Trade Representative (USTR), the importance of inclusive trade for economic equity, and the challenges posed by current trade policies. The conversation highlights the human impact of trade decisions, the uncertainty faced by businesses big and small, and the need for a cohesive approach to trade legislation.

Here are the key takeaways:

• The USTR is responsible for managing U.S. trade relations and negotiating agreements.
• Inclusive trade aims to empower small businesses and workers.
• Tariffs are essentially taxes that raise prices for consumers.
• Uncertainty in trade policy creates challenges for businesses, especially small ones.
• Negotiating trade agreements requires building trust and understanding between parties.
• The long-term effects of tariffs can damage the U.S. economy and its reputation.
• Trade has significant human impacts, affecting livelihoods in developing countries.
• The U.S. is losing its influence in global trade as other countries seek alternatives.
• A cohesive approach to trade legislation is necessary for economic stability. Demetrios expresses a desire to write a book.

And if you want to tune in for specific portions of this episode, here’s a breakdown:

• 00:00 Understanding the Cost of Living Crisis
• 03:05 The Role of USTR in Trade Policy
• 05:50 Inclusive Trade and Economic Equity
• 08:47 The Impact of Tariffs on Everyday Life
• 11:53 Uncertainty in Trade and Business
• 14:58 The Challenges for Small Businesses
• 17:53 Negotiating Trade Agreements
• 20:51 The Long-Term Effects of Trade Policies
• 23:48 The Human Impact of Trade Decisions
• 27:10 The Global Trade Landscape
• 29:48 The Future of Trade in America
• 51:37 Creative Aspirations and Travel Plans

Keep up with the EmpowHERment ladies by subscribing wherever you listen to podcasts and following them on YouTube and socials:

• Instagram
• TikTok
• YouTube