World War Trade
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The world economy is now about a year into President Trump’s assault on the global trading system. Richard Baldwin reviews what has happened and suggests where it is all headed in World War Trade (Centre for Economic Policy Research, 2026), a long essay in the form of a short online book. As Baldwin notes: “The working assumption is no longer that trade and investment are safe by default, underwritten by American leadership and Chinese growth. The new assumption is that while World W
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