Trump’s Tariffs Are a Sledgehammer to Pry Open Markets of the Poorest Countries
By contrast, the reciprocal tariffs are an unprecedented reversal not only of the US’s commitment to free trade, but also of its leadership in establishing the institutions overseeing this commitment like the World Trade Organization and its dispute settlement system. The trade war already triggered by these tariffs will irreversibly harm the poorest countries while fundamentally undermining the ability of global trading of the World Trade Organization to do anything about this. Even more, this policy is unlikely to meet one of its major objectives, reshoring manufacturing back to the US.