Cross-border Tax Talks

The Great Economic Reordering: What’s Next for Global Markets? 

Doug McHoney (PwC’s International Tax Services Global Leader) is joined by Dr. Alexis Crow, Partner and Chief Economist at PwC US. Before joining PwC, Dr. Crow taught at the London School of Economics. Doug and Alexis discuss the intersection of global macroeconomics, geopolitics, and international tax policy in a shifting global landscape. They break down the impact of the Trump administration’s latest tariffs on Canada and Mexico, inflationary pressures, interest rates, and the fiscal cliff facing the US. 

Doug and Alexis explore how the geopolitical climate is shaping international trade, the potential winners and losers of increased tariffs, and the broader economic implications of Trump 2.0. They also analyze regional macroeconomic trends, from China’s economic resilience and India's manufacturing rise to Europe's fiscal strategies and Latin America’s economic experiments. Lastly, they discuss how businesses—particularly multinationals—should be preparing for upcoming policy shifts and economic disruptions. 

Timestamps:

• 00:00:05 – Introduction: Macroeconomics, geopolitics, and global tax trends 
•  00:01:40 – International tax in the news: A result of this podcast? 
•  00:02:40 – Annual Outlook: Back to the Future plus caveats: Things are changing quickly 
•  00:03:30 – Market moves and macro currents: Inflation and monetary policy 
•  00:04:35 – The impact of household credit delinquencies on the US economy 
•  00:05:50 – Inflation, fiscal cliffs, and policy dilemmas 
•  00:07:50 – The role of energy markets in the current economic climate 
•  00:08:45 – US tax reform, the looming fiscal cliff and global economic consequences 
•  00:10:50 – The US dollar’s dominance and investor sentiment shifts 
•  00:11:10 – Trade tensions: What it means for global corporations 
•  00:13:20 – Regional trade strategies: How regions are adapting to new restrictions 
•  00:14:50 – The Inflation Reduction Act and its impact on foreign investment 
•  00:16:20 – What US companies should expect from new tariff policies 
•  00:19:15 – China’s economic position: Is it really a loser in the trade war? 
•  00:21:10 – China’s property market crisis: A major risk or controlled decline? 
•  00:22:45 – India’s rise as a manufacturing hub and tax policy outlook 
•  00:23:50 – Vietnam’s role in global supply chains and tax incentives 
•  00:26:10 – Middle East economic growth: How UAE and Saudi Arabia are leading 
•  00:27:50 – Europe’s growth outlook and fiscal policy changes 
•  00:30:30 – The future of sustainability policies in the US and Europe 
•  00:31:40 – Latin America’s economic outlook: From Brazil to Mexico 
•  00:33:05 – Sector dives: Consumer markets and retail trends 
•  00:34:00 – The technology sector: Trade tensions and digital taxes 
•  00:35:50 – The energy sector: AI-driven power demands and global supply shifts 
•  00:36:40 – Financial services: Deregulation and digital transformation 
•  00:37:15 – Tax policy and job creation: What multinationals should focus on 

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