Tai: Recent shocks demand rethink of free trade

A series of shocks to the global trading system in recent years -- Brexit, the election of President Trump, supply chain constraints exposed by the pandemic, and Russia’s invasion of Ukraine among them -- has led the U.S. to rethink whether it should strive for more and freer trade, U.S. Trade Representative Katherine Tai said on Tuesday. The post-World War II “vision for globalization” was built around the idea that maximally liberalizing trade would lead to more peace and prosperity,...