Here's Why Trade Wars Are Easier To Start Than Finish

This Bloomberg podcast episode, "Here's Why," discusses the ease with which Donald Trump imposes trade tariffs and the difficulties in removing them. The interview with trade expert Brendan Murray explains Trump's extensive authority to implement tariffs, citing examples of tariffs imposed on China, Canada, Mexico, and the European Union. Murray highlights that while tariffs can be quickly implemented, their removal requires negotiations and concessions from all parties involved, often a lengthy process. The episode also touches on the World Trade Organization's diminishing role in resolving trade disputes in this new era of protectionism. Understanding the complexities of trade tariffs and their political implications is key for businesses and policymakers.