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Davos 2023: Global Economic Outlook: Is this the End of an Era?

World Economic Forum

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Is There a Trade War?

I would distinguish between a subsidy war and a trade war. A subsidy war about very good things is basically a good thing. Falling off each other's innovation is much more problematic. We need to win in a positive some way by building ourselves up rather than by seeking to tear others down. And if we can do that, I do think there is enormous potential in this moment.

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