«US global leadership ended on April 2»

For economics professor Richard Baldwin, America has gone from guardian to hacker of the global trading system. In his view, China has defeated the U.S. in a trial of strength, and Trump’s tariffs have ended America’s leadership role.



Summary

*Economics professor Richard Baldwin criticizes U.S. trade policies under Trump as destructive to the global trade system and views China as the
winner of the trade conflict.
*The U.S. is pursuing increasingly protectionist policies, weakening its global leadership role, while China strengthens its position.
*Baldwin forecasts that the rules-based trade system could survive through multilateral cooperation, albeit without the U.S. as a leading power.

https://www.nzz.ch/english/economist-baldwin-trump...

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