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Larry Summers on Harvard’s Showdown With Trump

The Good Fight

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Navigating Trade Tensions

This chapter explores the potential impacts of rising trade tensions and the risk of a trade war, presenting three scenarios that could redefine international trade. It discusses the implications of U.S. tariffs on European markets and the possible formation of a protective economic bloc influenced by China. Additionally, the chapter critiques the contrasting trade policies of the Trump administration versus traditional Democratic approaches, illustrating the unpredictable nature of current economic practices.

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