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A 'Prisoner’s Dilemma' is driving the trade war & the costs could be huge

The WTOs World Trade Report 2026 says global trade is caught in a “Prisoners Dilemma”: countries have an incentive to protect their own markets, but when everyone raises tariffs and restricts imports, retaliation can shrink trade, raise prices and leave all sides worse off.

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Times of India broke the news in India on Tuesday, September 15, 2026.
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