Punishing new tariffs are now in place for a range of U.S. trading partners, ranging from Brazil to Botswana. How should developing economies respond?
Harvard University economist Dani Rodrik argues that while Trump’s tariffs amount to economic war, unfettered globalization has long been under stress and was no longer a reliable growth model for developing economies. The challenge for them now, he says, is to develop their domestic markets. Rodrik joined FP Live to discuss how countries should navigate Trump’s trade policies.