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GIS Dossier: Global trade tensions worsen
Nobody is interested in setting off a trade war, but the trade liberalization process has ground to a halt. The U.S. is not the only guilty party: none of the biggest trading nations has abided by the principle of free trade. Also, many smaller countries are free riders on the system. In the longer term, the economic and geopolitical consequences of a punitive U.S. trade regime may prove very bad for the world.