The Covid-19 pandemic is intensifying the most destructive trends in global trade. Support for free trade has given way to talk of decoupling and de-globalization. Tensions between the US and China are rising, as are calls for protectionism and re-shoring of far-flung supply chains. It is no longer seen as desirable, or even possible, to integrate countries that possess different economic systems or ideologies. Reversing these trends will require dramatic action.
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