In this special Christmas episode, host Justin Hayden Miller examines 2025's record-breaking global trade—surpassing $35 trillion—through the lens of Father Christmas and the challenges posed by Trump's tariffs, Arctic geopolitics, and climate change.

Key Topics

Trump's tariffs and their impact on holiday imports, toys, and global supply chains
Melting Arctic ice opening new shipping routes (Northern Sea Route, Northwest Passage) amid rising US-Russia-China tensions and Trump's Greenland discussions
Geopolitical volatility from conflicts in Ukraine and the Middle East affecting energy and grain markets
Resilience in global trade despite barriers, with insights on Brexit customs rules and air cargo logistics

Outlook

A reflective year-end analysis on trade resilience, potential 2026 risks, and the evolving energy revolution.

Track Santa's journey: NORADSanta.org

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