The writer is chair of Rockefeller International. His latest book is ‘What Went Wrong With Capitalism’
While Donald Trump has yet to act on his multiple tariff threats, it’s likely he will. So the fear lingers that the US president’s aggressive trade posture will sow global disorder, depressing growth and roiling markets, particularly if targeted nations retaliate.
But retaliation is not the only or even the most likely response to Trump, no matter how broadly he finally delivers on his threats.
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