Trump's Trade War Policies Give Rise to 'Open Plurilateralism'
The article discusses how President Trump's second-term trade policies, particularly the "Liberation Day" tariffs, represent a radical departure from US support for rule-based multilateralism. It describes the administration's determination to wage trade war despite setbacks, and introduces the concept of "open plurilateralism" emerging as a response to these trade wars.
Key quotes
At a stroke, the Liberation Day tariffs broke every promise on trade the US had made to its economic partners
declaring that the US would no longer be abused and undermined by the global system it had designed and led
The president's trade-policy revolution has encountered setbacks, but the administration is adapting
Its determination to wage trade war against the rest of the world has been checked but not halted
From the article
President Donald Trump’s second term marked an extraordinary shift in US trade policy – from qualified support for rule-based multilateralism to its outright repudiation. At a stroke, the Liberation Day tariffs broke every promise on trade the US had made
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