The charges had been traditionally an necessary industrial coverage instrument. They had been used within the final century by the nations of Eastern Asia to advertise childhood industries and are used at the moment by the EU to assist stimulate the vitality transition. But Donald Trump’s threats to impose a 25% price on the entire edge on imports from Canada and Mexico, or its precise enhance in taxes by 10% on all imports from China, have some sort of logic of the insurance policies of Thought behind them? And ought to different nations reply in nature?
To discover out, the European financial system commentator of the FT Martin Sandbu talks to Dani Rodrik, professor of worldwide political financial system in Harvard. Rodrik is among the most acclaimed specialists on this planet on industrial coverage and somebody that Martin met for the primary time as a doctoral pupil within the 90s.
Martin Sandbu writes an everyday column for the Financial Times. You can discover it right here
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Presented by Martin Sandbu. Produced by Laurence Knight and Edith Roussot. Manuela Saragosa is the manager producer. Breen Turner audio and unique combine and music. The head of FT’s audio is Cheryl Brumley.
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