In a bonus episode of “Value Added”, produced in cooperation with Citi Handlowy on the occasion of the Warsaw Macro Conference, we take a closer look at what the U.S. economic policy might look like during Donald Trump’s second term. Our guests from Citi — who follow the American economy and politics daily — share their insights into the key challenges ahead. In the first part, Andrzej Bobiński, Managing Director of Polityka Insight, talks with Candi Wolff, Head of Global Government Affairs at Citigroup, about how politics shapes the fiscal landscape and what lies ahead for domestic policy. In the second part, Hanna Cichy, Head of the Business Desk at Polityka Insight, asks Andrew Hollenhorst, Chief U.S. Economist at Citi, how tariffs influence the labor market, the investment environment, and monetary policy. Finally, Johanna Chua, Global Head of Emerging Market Economics at Citi, explains the international effects of U.S. tariffs, especially on China.