Richard Baldwin

In this engaging discussion, Richard Baldwin, a Professor of International Economics at IMD Business School and founder of VoxEU, shares insights with Martin Wolf, chief economics commentator at the Financial Times. They dive into the ineffectiveness of Trump's tariffs in today’s global trade context. Baldwin emphasizes the rise of digital services and invisible trade, challenging the notion of globalization's decline. They also unpack the implications of automation and AI, rethinking labor dynamics and the shift from manufacturing to service-oriented economies.

In this discussion, Richard Baldwin, an international economics expert and author of The Great Trade Hack, critiques Trump's tariffs as ineffective for protecting American workers. He argues that these measures stem from a 'grievance' mindset rather than substantive economic strategy. Baldwin warns that unilateral tariffs may leave the U.S. isolated in a changing global trade landscape. He underscores the need for comprehensive social policies instead of protectionism to truly address the socioeconomic challenges facing the middle class.

In this engaging discussion, Richard Baldwin, an economist at IMD Business School and founder of VoxEU, teams up with Princeton's Gene Grossman to dissect the evolving narrative of Trump’s tariffs. Baldwin highlights the shift from rules-based trade to a geopolitical battleground, while Grossman explores legal battles and the rationale behind the tariffs. The duo also tackles the implications of waning US trade leadership and the potential consequences for the WTO, revealing the fragility of the global trade system.