Michael Froman on the New 'Polyamorous' Global Trading System

In this episode of the Odd Lots podcast, hosts Joe Weisenthal and Tracy Alloway interview Michael Froman, former U.S. Trade Representative and current president of the Council on Foreign Relations, about the evolution of the global trading system. They discuss the pre-Trump era, the challenges posed by China's economic practices, and the potential for a "polyamorous world order" where countries form flexible coalitions based on specific issues. The conversation covers the shift from a U.S.-led, rules-based system to a more fragmented landscape, the convergence of economics and national security, and the risks and benefits of industrial policy and friend-shoring.