Gros, Daniel - In: Intereconomics : review of European economic policy 61 (2026) 1, pp. 26-29
The return of trade policy as an instrument of geopolitics has raised concerns about the future of the global trading system. But Trump's tariffs of 2025 have not led to a collapse of global trade. The key reason for this resilience is that Trump's tariffs are discriminatory, i.e. the US has a...