Trade, geopolitics and climate change-Balancing global commitments with domestic equity

Trade, geopolitics and climate change-Balancing global commitments with domestic equity

U.S. President Donald Trump’s move to impose sweeping tariffs on Chinese goods and taxes on imports will have potential ramifications for global trade. As trade wars escalate, countries across the world will feel the heat of inflation, dwindling supply, and market volatility. Multilateralism thus faces increased pressure from the rising protectionism and growing unilateralism in international affairs. The impact will be felt across globally rele…

Ha-Joon Chang: There Should Be No Return to Free Trade

Donald Trump’s attempts to overturn the global trade regime are chaotic and uncoordinated. As economist Ha-Joon Chang tells Jacobin, Trump has failed to see that the cause of the US’s relative decline is its own domestic capitalist class. A cargo ship carrying foreign trade containers sets sail from the port in Qingdao City, Shandong Province, China, on April 20, 2025. (Costfoto / NurPhoto via Getty Images) Donald Trump’s attempt to upturn the …