Opinion | Can international rules help prevent national self-harm?
Global arrangements may not avert local failures and are as likely to be captured by special interests as domestic politics
US President Donald Trump has used national security as a justification for his tariffs on steel imports, his threatened tariff hikes on autos and the tariffs he recently vowed to impose on Mexican imports. “If you don’t have steel, you don’t have a country," he declared (to cite just one example). While Trump’s national-security claim seems absurd on the face of it, it raises difficult questions for the word trade regime and global economic governance more broadly.