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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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