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.