Can imposing tariffs tackle trade imbalances?


Published 21.04.21

Domestic policies should do more to address inequality in the gains from international trade

Trade barriers destabilise the global economy and can be particularly harmful in times of already slowing growth. In this interview, Gita Gopinath describes how, after a decades-long period during which the global trading system was moving towards much greater integration, with many countries pushing to lower trade barriers, in recent years we have seen a reversal. Countries are stepping back, unsure about the gains from international trade. Gopinath argues that domestic policies can do more to address inequality in these gains.

Editors' note: This video first appeared on VoxEU.