Featured Event Summary
The Great Trade Hack: How Trump's trade war fails and global trade moves on
Speaker: Richard BALDWIN (Non-Resident Fellow, RIETI / Professor of International Economics, IMD Lausanne)
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To read the full text / watch the videos:
https://www.rieti.go.jp/en/events/bbl/25060601.html
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The book "The Great Trade Hack - Why Trump's Trade War Fails, and the World Moves On" emerged from urgent analysis of historically significant events affecting the global trading system. Written quickly to remain timely, it aims to address widespread misunderstanding about current developments of Trump’s trade policies and their implications. The analysis focuses primarily on future scenarios, recognizing that while the future remains unknowable, conversations among experts across different domains can improve preparedness and understanding.
The April 2nd tariffs, or Trump's “Great Trade Hack,” represent a pivotal moment when America ceased leading the world trading system - a date comparable to other historic turning points that future generations will study. The term "hack" reflects Trump's approach: bypassing established procedures, short-circuiting rules, and brute-forcing solutions through massive, globally simultaneous tariffs. These actions represent not a traditional trade war but a comprehensive assault on the trading system itself.
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