Opinion: U.S. Protectionism Could Toss World Trade Into Tailspin
International trade is in trouble after the global financial crisis and, with the new Donald Trump administration, the world faces a protectionist onslaught.
As a result, there are three ways that international trade can go from here — one considerably more likely than the other two.
Let’s begin with the state of play. Three features stand out: a global trade slowdown, creeping protectionism, and the failure of the Trans-Pacific Partnership (TPP).