United States President Donald Trump has threatened to slap tariffs on Canadian and Mexican products in a month’s time. This will lead to retaliatory tariffs by Canada against the U.S.
In an economic context where trade relations are interdependent and highly integrated, this tariff war will likely trigger a complex series of cascading effects, affecting governments, businesses and citizens alike.
As a doctor in the psychology of decision-making, I strive to understand why we find it so difficult to manage the major complex challenges of our time like this looming trade war, whether it’s climate change and its ensuing hazards, pandemics and health crises, social inequalities, economic crises or the unpredictable behaviour of financial markets.
