The end of globalization? US protectionism points to a shift.
When President Joe Biden slapped a 100% tariff on certain Chinese imports last month, he triggered a new wave of international speculation. Is globalization – the force that has made the modern world, a trend as reviled by some as it is revered by others – in retreat?
Trade as a share of global economic output . And “industrial policy,” meant to promote certain domestic industries at the expense of global competitors, is on the rise, especially in wealthy countries. For nearly a decade now, people have been talking about “,” as globalization appears to be slowing down.
