AAPA members met in person and on Zoom April 16 with Arancha Gonzalez, the former Spanish foreign minister who is now Dean of Sciences Po’s Paris School of International Affairs. It was a timely session, and a sobering one, given the tariff turmoil that has upended transatlantic and global relations this month. Dean Gonzalez, who has also held senior positions at the United Nations and the World Trade Organization, is a trade specialist. She buttressed her main message — that President Trump’s actions have severely damaged the U.S.-led international financial structure and shaken faith in the reliability of the dollar as the world’s main reserve currency — with detailed, fact-based and statistical analysis. “I think it’s an inflection point,” she told us.