Editor's Note: This article argues that Trump’s tariffs are not just a bargaining tool but a long-term plan to reshape global trade. Some see this as risky, while others believe it will strengthen American industry. We share it to encourage discussion as his trade policies take shape.
By Ian Bremmer - Project Syndicate | Mar 10, 2025
Donald Trump’s immediate, aggressive use of import tariffs has revealed a fundamental difference between his first and second term. Far from a mere negotiating strategy, the goal this time is to replace a global rules-based system of managed economic integration with coerced decoupling.
Called the Merchant Marine Act of 1920, the Jones Act was passed shortly after World War I to protect the American maritime and shipbuilding industries.
The 2025 shutdowns at the LyondellBasell Houston and Phillips 66 Los Angeles refineries cut total US refining capacity by about 400,000 barrels per day
Reading it felt less like reading a book about political history and more like watching somebody reconstruct a building I had been wandering around inside for twenty years.
Trump said Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky both want the conflict to end, but acknowledged deep hostility between the two leaders.