Globalisation as we know it will not survive Trump. And that’s a good thing | Larry Elliott
by Larry Elliott from on (#4MVG5)
The markets are spooked, but we need a new world order which makes room for local solutions and the nation state
The significance of the trade war between China and the US goes well beyond the impact of tit-for-tat tariffs, or which of two self-styled strongmen wins the bragging rights. As was the case in the 1930s, the seemingly inexorable drift towards protectionism is part of a deeper crisis of the international status quo. When Beijing this week accused the US of "deliberately destroying the international order", it was really saying that US hegemony will no longer go unchallenged. Globalisation as we have known it is coming to an end and that's by no means unwelcome.
Related: China accuses US of 'deliberately destroying' world order
Continue reading...