A Brief History of Trade Wars

The video discusses the resilience of global trade despite historical trade wars, highlighting the futility of protectionism. It draws parallels between past and present economic challenges, focusing on the Smoot Hawley tariff's impact and current economic nationalism. The discussion includes the role of central banks, rising borrowing costs, and the interconnectedness of global supply chains, particularly in Asia. The video emphasizes the potential risks of current tariffs and the vulnerability of emerging markets.

What role does economic nationalism play in shaping current trade policies?

Discuss the potential consequences of retaliation in trade wars and how they can escalate quickly.

How do emerging market economies face vulnerabilities in the current economic climate?