Trump’s tariffs are failing, but the old model won’t save us either

The current global economic system, distorted by policies favouring the rich sustained over decades, has proven itself to be unsustainable. Just like illiberal economic policies failed in Europe, his tariffs were never going to magically reindustrialise the US or end working-class suffering. In the US, the illiberal response will drag labour standards down, eroding real wages through inflation and propping up elites with artificial protections. The way forwardWhile Trump’s economic policies are unlikely to work, returning to economic liberalism will not resolve socioeconomic grievances either. We need a new global economic order focused on multilateral governance, ecological sustainability, and human-centric development.