Monday, March 2, 2026

The world isn’t deglobalizing. It’s reglobalizing around partners who commit to rules rather than those who wield tariffs like a club. The long-term cost of these tariffs isn’t measured in revenue collected. It’s measured in partnerships formed without us and the rise of a trading system that no longer needs U.S. participation to function.

 

Everyone Else Is Trading Without Us


Tariffs have made the U.S. so unpredictable that our usual partners are looking elsewhere to make deals.


 ET

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