U.S. Trade Policy Shouldn’t Pit Developing Countries Against Each Other

Members of the House of Representatives walk down the steps of Capitol Hill after passing a coronavirus rescue package, Washington, March 27, 2020 (AP photo by Susan Walsh).
Members of the House of Representatives walk down the steps of Capitol Hill after passing a coronavirus rescue package, Washington, March 27, 2020 (AP photo by Susan Walsh).
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The global economy is gradually healing from the economic blows dealt by the coronavirus pandemic, but the recovery remains fragile and halting. Reduced trade is more a symptom than a cause of those trends—and what governments do in terms of additional fiscal stimulus will do far more to determine the shape of the recovery in the United States and other countries. Still, trade policy could be a factor, supporting or undermining the nascent recovery. President Donald Trump’s trade wars have already complicated the direct response to COVID-19 infections—by making imports of some critical products more expensive or harder to find—and […]

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