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Rapid Response Economics

The Great Trade Hack: How Trump's trade war fails and global trade moves on

The Great Trade Hack by Richard Baldwin explains how Trump’s 2025 tariff blitz wasn’t economic strategy. It was grievance politics. Tariffs, Baldwin shows, are political placebos that won’t fix the U.S. economy but could fracture the global trade system. Blending sharp analysis with policy insight, he maps out three futures for world trade and urges global leaders to defend the rules by following them. The system can survive even thrive if world leaders step up.

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Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

Citation

Baldwin, R (2025), ‘The Great Trade Hack: How Trump's trade war fails and global trade moves on‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/great-trade-hack-how-trumps-trade-war-fails-and-global-trade-moves

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