How Likely Are Trade Wars to Become Shooting Wars?
The United States has experienced a wider and faster shift on basic questions of trade policy in less than two years than in the previous seven decades. From a broad bipartisan consensus in favor of liberalized free trade guaranteed by multilateral agreements — a consensus long contested by politically... Read more
How Donald Trump’s Trade Wars Could Lead to a Great Depression
Leaders are routinely confronted with philosophical dilemmas. Here’s a classic one for our Trumptopian times. If you make enemies out of your friends and friends out of your enemies, where does that leave you? What does winning or losing really look like? Is a world in which walls of... Read more
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