Trump's tariffs will wound free trade, but the blow may not be fatal

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Trump's tariffs will wound free trade, but the blow may not be fatal - Economic Times

Quick Summary:

President Trump's announcement of across-the-board tariffs on US trading partners has shaken the global economy, reminiscent of Brexit's impact on the European Union.

This move by the US could herald a shift away from unfettered free trade, potentially causing economic turbulence and necessitating new trade alignments.

When he came into office, President Barack Obama asked whether one of his Democratic predecessors, Bill Clinton, had given away too much in allowing China to join the World Trade Organization.