Anne O. Krueger is not surprised that the shakedown of allies and adversaries alike is failing economically and strategically.
en English
Economics
May 26, 2026
Anne O. Krueger
US President Donald Trump has turned tariffs into instruments of extortion, pressuring trading partners into investment commitments that advance his political and economic interests. Once political favoritism supplants market competition as the organizing principle of global commerce, severe distortions are inevitable.
Anne O. Krueger laments that the “America First” trade agenda has destabilized the world order with little to show for it.
Submitting to Trump’s deals, Western allies have ceded their position as defenders of multilateral trade. The world needs new…
Consumers and businesses will lose out, thanks to other Trump economic policies.
NEWS ANALYSIS. Many American economic analysts believe the chaotic introduction of punitive tariffs last spring now seems to be…
As the US president’s tariff obsession wreaks havoc, indifference to the workings of global trade will only lead to more…
"This would seem like a victory for the world and yet would produce $400 billion of annual revenue for US taxpayers."
