In this episode of "Diplomacy in Action," Kory Yueh, a Community Education Fellow for Utah Global Diplomacy, speaks with Professor Simon P. Greathead, a teaching professor of global supply chain management at BYU Marriott School of Business. They discuss the dynamic nature of US trade policy, particularly the recent imposition of tariffs. Professor Greathead provides insights on how Utah businesses can adapt to this unpredictability, offering strategies like optimizing inventory management, utilizing foreign trade zones, and engaging with local trade organizations.

The conversation also delves into the specific impact of tariffs on the strong trade relationship between Utah and the United Kingdom, exploring misconceptions about how these costs are passed on to consumers. They also examine the broader consequences and potential advantages of these policies, emphasizing the resilience of global supply chains and the importance of long-term strategic planning for businesses.

Please check out World Trade Center Utah's tariff webinars at https://www.wtcutah.com/tariffs.