A Club Approach to International Trade

Tariffs, power, and membership: navigating the new trade doctrine BY FERNANDO DE FRUTOS, CFA, PhD | 7 APRIL 2025 • The Global Trade Backdrop: For decades, globalization boosted growth but created deep imbalances—both between countries and within them. With China rising as a strategic rival and trade liberalization stalled since the early 2000s, the United … Continued