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Former US Trade Counsel On Tariff Gray Areas

Bloomberg Markets
Monday, February 23, 2026 at 5:02 AM
~4 min read
Trade

Original Report

Greta Peisch, partner at Wiley Rein and a former general counsel at the Office of the United States Trade Representative, outlines the uncertainties surrounding the Trump administration's tariff...

Greta Peisch, partner at Wiley Rein and a former general counsel at the Office of the United States Trade Representative, outlines the uncertainties surrounding the Trump administration's tariff policy following a Supreme Court decision striking down his so-called reciprocal levies. She speaks on Bloomberg's The China Show. (Source: Bloomberg)

Glass House Analysis

International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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