Leadership and Challenges in the Global Trading System

This chapter explores the significance of leadership in the global trading system, comparing it to the role of a captain in a sports team. It discusses the negative impacts of tariffs on a strong economy like the U.S., the inconsistency of political parties in trade policies, and frustration caused by governments not cooperating. The chapter also emphasizes the need for the United States to take initiative in addressing problems and suggests potential solutions for the global trading system.