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The Times of India
The Times of India
World
Mindfield

China broke free trade, answer isn’t tariffs

China Soumaya Keynes Donald Trump National Security

All wars aren’t fought with guns and bombs. The biggest ones of our time have weaponised tariffs, export bans and tech transfer curbs. We call these wars trade wars. But make no mistake, they aren’t being fought over dollars and cents. The goal, yet again, is hegemony. Question is why, after a 70-year free-trade consensus, world’s turned to trade tribalism. Also, if trade wars are unavoidable, how do you win them? Soumaya Keynes and Chad P Bown have some answers in their book, How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy .

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