Hormats: Xenophobic Groups Take Heart in Trump Win

The transcript discusses Kissinger's controversial book and its insights on America's role in the new world order. It examines Trump's domestic-focused policies and their xenophobic nature, suggesting that other xenophobic parties may gain confidence. The conversation shifts to economic growth, highlighting a potential return to mercantilism under Trump's presidency. The importance of global trade and proactive negotiation strategies is emphasized, noting that 95% of the world's consumers live abroad. The need for the U.S. to engage in international agreements to expand markets is stressed, along with the necessity of writing the rules in global trade to avoid being sidelined.

What does the speaker mean by 'mercantilism' in the context of Trump's presidency?

In what ways does the speaker suggest the U.S. should adapt its trade policies?