Part 6/8:
Shifting the conversation to international relations, Malpass addressed the increasing friction between the U.S. and its trading partners. With ongoing discussions regarding tariffs, particularly Trump’s proposed 25% tariff on Canadian imports, there is a worrying trend of escalating protectionist measures. Malpass acknowledged that the U.S. stands firm in its negotiations, emphasizing a broken global trading system that is not yielding satisfactory results for American interests.