We have been concerned about the state of world trade for some time. It is a great puller of GDP growth – invariably growing much faster than GDP and adding to global well-being. However, since the financial crisis, the “pull” has been extremely subdued relative to the past.
The art of the deal
So, the great negotiator and deal-maker (self-admitted) is now engaged in international brinkmanship over tariffs and trade. He can claim he is being true to his electioneering promises…