In today’s interconnected global economy, tariffs produce outcomes that are very different from what traditional economic models would predict. Rather than causing only limited and temporary distortions, tariffs can generate persistent inflation, significant output losses, and damaging international spillovers.

The traditional rhetoric of the World Economic Forum centered on global integration, climate change and international cooperation. Not anymore.

To ensure that Greenland remains a territory of Denmark, British Prime Minister Keir Starmer and other European leaders must put pressure on NATO’s most powerful member. Given the US president’s love of royalty, one way to do that would be to organize a public meeting between British King Charles III and Danish King Frederik X.