[Wang Son-taek] Upgrading the liberal international order

The recent US Supreme Court ruling that invalidated President Donald Trump’s so-called “reciprocal tariffs” marks a significant turning point. The policy debate surrounding these tariffs has highlighted the growing tension between domestic economic priorities and the institutional foundations of the multilateral trading system that has underpinned global economic stability since the end of the Cold War. The controversy reflects sharp disagreements over the economic consequences of globalization

By The Korea Herald