Tariffs—once thought to be relics of pre-globalization economic policy—have returned with a vengeance. After decades of declining import duties and multilateral trade liberalization, the 21st century has ushered in a new wave of protectionism. From the United States to India, from Europe to China, governments are once again turning to tariffs not just to manage … Continue reading The Tariff Comeback: Why Tariffs Returned as a Political Weapon in the 21st Century