Aggressive Neo-Mercantilism – The Diplomat

The summary highlights the shift towards aggressive neo-mercantilism in global trade, particularly between the U.S. and China, with a focus on tariffs and protectionism to secure national security interests. Key events include tariff impositions by Presidents Trump and Biden, the failure of the WTO to enforce trade liberalization rules, and the threat of reciprocal tariffs on various goods. The overarching narrative emphasizes a departure from traditional free trade principles towards a more confrontational approach centered on safeguarding national interests through trade policies.

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