Protectionism makes everyone poorer during global shocks
When countries act to insulate domestic markets, the result is often higher prices and greater volatility
When countries act to insulate domestic markets, the result is often higher prices and greater volatility

Trump’s tariffs have not led to the kind of retaliatory action many expected

Damage caused by US tariffs has so far been muted but that won’t last

Political pressure in response to public anxiety will demand policy responses

We are living in a ‘barbell’ world where international threat meets technological opportunity

The market’s calm in the face of war is beginning to crack

Measures undertaken by vulnerable economies may be only the start of things to come