Here's Why
Here's Why Trade Wars Are Easier To Start Than Finish
Feb 7, 2025
Brendan Murray, Bloomberg's Trade Tsar and expert on trade and tariffs, dives into the complexities of trade wars ignited by recent U.S. tariffs on China. He analyzes the immediate retaliatory actions by China and the challenge of unwinding these measures if relations improve. Murray discusses the significant power wielded by leaders in trade decisions and the evolving protectionist sentiments. He also sheds light on how businesses navigate these turbulent changes and questions the effectiveness of the World Trade Organization in this landscape.
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Quick takeaways
- The rapid imposition of trade tariffs under Trump significantly disrupted international supply chains and forced businesses to reassess their strategies.
- The challenges faced by the WTO highlight the need for a cohesive, rules-based trading system to manage rising protectionism effectively.
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