A Rope-a-Dope Strategy for the Trade War

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Even before the US weaponized tariffs in its planet-wide trade war, the fate of globalization had been argued round and flat. Is there data to support one side or the other? Chris Bryant points out that A.P. Moller-Maersk A/S — the Danish shipping giant — has “reported surprisingly resilient demand outside the US and forecast global container volumes could increase by as much as 4% this year.” The US may have helped kick off contemporary globalization after World War II, Chris says, but “it can’t by itself turn back the clock on global economic interdependence. Prosperity gains from comparative advantage and low-cost container shipping are too great for the rest of the world to ignore.”