The ideological assumption was that interdependence prevents war. Thus, the loss of manufacturing jobs and the reduction in the middle-class wages of Americans was worth global peace.
Economic powerhouses like Europe, the U.K. and Canada do a substantial amount of trade with nearly every nation in the world. By implementing a carbon border fee, they can exert leverage on other nations to initiate or increase a price on carbon in their own countries
The dispute over the WTO’s interpretation of a "public body" represents a more fundamental question of whether the WTO system can handle the state capitalism of China.
By Austin Rose On Friday, January 26, President Donald Trump stood before a packed crowd of global elites at the famously ritzy World Economic Forum in Davos and proclaimed that “the United States will no longer turn a blind eye to unfair economic practices including… industrial subsidies and pervasive state-led economic planning.” Ironically, that very … Continue reading The Problem with Trump’s Tariffs