Harnessing AI to UnTangle the Web of Tariff Wars

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Listen to “Harnessing AI to UnTangle the Web of Tariff Wars” on Spreaker.UnEdited Summary
AI: A Tool for Global Trade Resolution
- Global trade is impacted by protectionist practices resulting in supply chain disruptions, higher prices, and international disagreements.
- AI offers potential as a tool to reduce trade tensions and create a more equitable and effective trade system.
- Political will is crucial, but AI can provide innovative solutions for navigating complex trade conflicts.
AI: A Tool for Trade Dispute Resolution
- AI excels at data-driven decision-making, addressing the core issue of lacking consensus on protectionist measures’ economic impacts.
- AI analyzes global supply chain data and consumer price changes to offer policymakers real-time insights.
- Predictive models simulate the effects of tariffs, quantifying risks to industries, employment, and GDP, potentially fostering compromise.
Revisiting Adam Smith’s Wealth of Nations
- The speaker recalls reading Adam Smith’s Wealth of Nations.
- A related book, possibly titled ‘How Economics Works’, is also mentioned.
- The speaker intends to resume reading these books, possibly through a World Reading Club podcast.
AI in Supply Chain Optimization
- AI-powered platforms help navigate supply chain disruptions by finding alternative suppliers and routes.
- Governments can use similar tools to lessen the impact of tariffs by identifying domestic resources or alternative trade partners.
- These systems can pinpoint industries negatively affected by tariffs, minimizing economic damage.
AI in Trade Negotiations
- AI can assist in faster policy adjustments for trade issues, such as retaliatory measures impacting export markets.
- AI’s role as a neutral mediator in trade deals can expedite negotiations by suggesting compromises based on mutual economic gains.
- Natural Language Processing (NLP) tools are valuable in this process, clarifying that NLP in AI is distinct from neurolinguistic programming.
AI in International Trade Negotiations
- NLP tools can analyze past agreements to find clauses balancing sovereignty and shared growth.
- Machine learning can create tariff schedules that protect industries while improving cross-border efficiency.
- AI platforms can monitor global trade flows to mitigate uncertainty caused by tariff disputes.
AI in International Trade: A Predictive Approach
- Real-time currency shifts and market reactions can cause unintended consequences in international trade.
- AI can identify trends, such as a shift towards lower-quality imports due to tariffs, enabling timely adjustments.
- AI models can suggest solutions like sunset clauses for tariffs to mitigate long-term negative impacts.
AI: A Tool for Objective Policymaking
- AI can facilitate a shift from zero-sum thinking in international relations by promoting data objectivity, transparency, and adaptability.
- Investment in shared AI frameworks for modeling trade policies is suggested for nations like the US, Mexico, and Canada.
- The goal is to establish a common language based on facts rather than rhetoric in policy discussions.
AI: A Path to Trade Collaboration
- Global trade is currently viewed as a battleground.
- Integrating AI into policy-making could offer solutions.
- AI’s potential to transform tariffs into collaborative opportunities is explored.
AI’s Unstoppable Rise
- AI’s continued development and expansion is undeniable.
- The recommendation is to adapt, learn, and utilize AI technologies.
- Widespread application of AI is encouraged for broader impact.
TranScript
00:00
Harnessing AI to untangle the Web of terraphors, that’s right. I’m Hakeem Ali-Bocas, Alexander and I’m getting political here on hakeym news on hakym.com, you know, the global economy, it’s no stranger. The disruptive ripple effects of tariffors from the US China, the trade tensions ring a bell to recent disputes between the United States, Mexico, Canada and other Partners.
00:36
Protectionist, the practices often lead to fractured supply chains, inflated consumer prices and diplomatic friction, while political will remains the cornerstone of resolving such conflicts, artificial intelligence. That’s right, AI could offer an innovative toolkit. To descalate tensions and perhaps guide us to a fairer and more efficient trade system.
01:14
What about? If we look at it from the point of data-driven decision-making, AI is really good at that right at the heart of these tariff, disputes lies a fundamental problem, a lack of consensus on the economic consequences Of protectionist measures AI’s ability to analyze I’m fast data sets from global supply chain dependencies. 2 consumer price fluctuations could provide policymakers with real-time evidence-based insights, predictive models could simulate the downstream effect.
02:08
Of proposed tariffs, quantifying risks to industries, employment and GDP growth. For example, an AI system trained on historical trade data might reveal about a 10% tariff on Canadian steel could save 5000 US manufacturing jobs, but raise automobile prices by 15%. Harming consumers, such clarity could temper knee, jerk, protectionism and incentivize a compromise.
02:48
You know, this reminds me of I was reading. There’s a book I believe well, I know that it was around the same time when for world reading club. I was reading the Wealth of Nations by Adam Smith, that book from the 1700s great book.
03:11
And uh, there was a book about it. You can’t be economy. Why am I not recalling the publisher right now I can see the logo and I would reach over and grab the book.
03:27
But I’m not even sure if it’s in that bin. If I left the economic book, the economics book, I think it is called how economics works or something like that, I should get back into reading those on The world reading club podcast and BI resume that I was going to and did not finish reading all the way through the Wealth of Nations, I do believe it is one of the ones that I still have with me. But I had to streamline a lot of books in my travel and I put most of my.
04:01
Reading material on my e readers online, but Let’s get back to this idea about optimizing supply chains, AI powered supply chain platforms already help companies navigate disruptions by identifying alternative suppliers or rerouting logistics government could adopt similar tools to mitigate the fallout from tariffs. If the US imposes levees on Mexican aluminum AI could help of both nations identify untapped domestic capacities or third party trade Partners within the usmca block minimizing economic harm, these systems could also highlight sectors where tariffs inadvertently hurt a country’s own industries.
05:05
Such as US farmers losing export markets due to retaliatory measures, prompting quicker policy adjustments. But what about facilitating smarter negotiations AI could be helpful with that too trade deals are often bogged down by slow politicized negotiations. AI could act as a neutral mediator proposing compromises based on mutual economic benefits, Natural Language Processing NLP tools not to be.
05:51
I always like saying this not to be mistaken for neurolingusitic programming, because you know, as a person who has a degree in clinical hypnosis. NLP neurolingustic programming is a subset of hypnosis, and it always just reminds me of that. I was always tickled whenever I would see NLP as Natural Language Processing in the AI field.
06:13
But continuing, though Natural Language Processing NLP, the NLP tools could analyze past agreements like the usmca To identify clauses that balance sovereignty with shared growth machine learning algorithms might even draft tariff schedules that protect sensitive industries while maximizing cross-border efficiency above efficiency. Imagine a scenario where negotiators input their priorities into an AI system, which then Generates multiple squares equitable solutions for human leaders to refine A.
07:05
Let’s say, quote a collaborative intelligence approach. Now we could also look at it from a perspective of real-time monitoring and adaptation tariff wars thrive uncertainty. However, AI enabled platforms could monitor global trade flows.
07:29
The currency shifts and market reactions in real-time, alerting the add nations to unintended consequences. For instance, if Canadian lumber tariffs inadvertently push us home builders toward lower quality imports, AI could flag of this trend, prompting a tariff adjustment. Before losses mount before losses mount dynamic, AI models might also recommend sunset clauses “-un” for tariffs automatically phasing them out as conditions improve.
08:17
Now, is there a way a path forward from all of this well, many critics? And there are certainly a lot of them. But many critics may argue that AI cannot resolve deeply political issues, which is true technology alone cannot substitute for diplomacy.
08:38
But who knows it’s still in the early stages, but by depoliticizing data, enhancing transparency and encouraging agility, AI could help nations move beyond 0 sum thinking. The US Mexico, Canada and others, should invest in shared AI frameworks to model trade policies, creating a common language a fact, rather than what we always. Well, I should say what we usually hear, which is rhetoric, rather than rhetoric write so that would be, it’s something that the US Mexico Canada could do is invest.
09:27
In the AI. The brain works so that we have a common language of facts. Fact, rather than rhetoric.
09:35
And that reminds me of something too about the common language of facts, which ties into something about how AI actually it is best used, but for content creation, that’s another thing and another platform and another website. Which we’re all intermangled, they’re all the Hak, the Hakeem Alexander communications. So, but yeah, let me let me finish up here.
10:04
So yeah, in this whole tower force right? The future of trade, it need not be a battleground, which its thing seems to be being made right now. People are criticizing World leader specifically the President current President Donald Trump right now, for setting this off.
10:25
But the thing ISIS that if we decide to integrate AI into the policy making toolkit. And we can get this advice to the President and other world leaders, these different nations can transform tariffs into opportunities For collaboration and prove that even in an age of automation, human ingenuity remains our greatest asset. So everybody let’s get together and figure out how to put an end to this madness, it’s possible that harnessing AI can untangle this web of Terris.
11:19
I’m hakimali, pocus, Alexander here on hakeym news hakym.com and I think that AI going to be very instrumental. It’s not stopping, it’s not slowing down. We might as well get with the program, figure out how to use it, get educated on it and apply it on a broader scale.