On this episode of Trumponomics, host Stephanie Flanders sits down with Singapore Foreign Minister Vivian Balakrishnan to unpack the shifting dynamics of global trade in an era of US protectionism and rising geopolitical tension.

From Donald Trump' retreat from America's postwar role to the deepening lack of trust between Washington and Beijing, Balakrishnan explains why today’s economic disruptions are less a sudden storm than “geopolitical climate change.” Yet amid fractured supply chains and rising uncertainty, he offers a note of optimism—highlighting how Asia, Europe and other mid-sized economies are forging new alliances to keep globalization alive.