“The tariff barrage that President Donald Trump unleashed this week on the world economy marks a decisive end to an era of freewheeling globalization that was shaped by American policymakers, business executives and consumers,” the Washington Post reports.
“The United States is now abandoning the system that made it rich and powerful, gambling that it can become more prosperous by waging a global trade war on friend and foe alike.”
Said Harvard professor Carmen Reinhart: “This is a historical moment. Even if there is paddling back by the administration and even if negotiations start to soften the edges, this is the nail in the coffin of globalization.”
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