Global implications of trade tensions

Trade has been an engine of income growth around the world in the post-War years. The goal of trade openness was universally accepted and pursued by the multilateral regime (GATT-WTO) for nearly seven decades. Trade restrictions have been significantly reduced and tariffs worldwide are in an all-time low. That situation...

Misreading China's strength: Hollow benefits of a cosmetic trade deal

US President Donald Trump's administration has underestimated China's resilience and strategic resolve. With the Chinese economy slowing, the US believes that China is hurting and desperate for an end to the trade war. But with ample policy space to address the current slowdown, China's leadership has no need to abandon...