2. The End of an Era: Trump’s Tariffs in Historical Perspective

This chapter analyzes the shift in U.S. trade policy culminating in President Trump’s 2025 “Liberation Day” announcement— sweeping reciprocal tariffs on more than 180 countries.

Great Decisions resources

Browse our Great Decisions topic resources and share your own with [email protected].

Documents

IF11346.30.pdf

Trade Policy Tools and Presidential Powers (CRS)

Future_of_Foreign_Trade_082525_0-1.pdf

The Future of Foreign Trade Author: Elhanan Helpman (Harvard)

IF10156.25.pdf

U.S. Trade Policy: Background and Current Issues (CRS)

R47252.3.pdf

“The China Shock Revisited: Trade, Tariffs, and Supply Chains” – Congressional Research Service (CRS)

ERP-2020.pdf

Economic Report of the President (2020), Chapter on Trade Policy

2020_Trade_Policy_Agenda_and_2019_Annual_Report.pdf

USTR 2020 Annual Report & 2020 Trade Policy Agenda

Future_of_Foreign_Trade_082525_0.pdf

The Future of Foreign Trade Author: Elhanan Helpman (Harvard)

R46767.2.pdf

U.S.–China Strategic Competition in Trade and Technology (Congressional Research Service)

ValueChains.pdf

Trade Policy Implications of Global Value Chains OECD)

NBER.pdf

U.S. Trade Policy and the China Shock (NBER Working Paper)

Resources

Images

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WTO + Broken Architecture
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Global Tariff Shockwaves
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U.S.–China Trade Tensions

Video

Great Decisions 2026 – Future of the World Economy – Dr. Mark Duckenfield

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Group video: U.S. Army War College

Anna Miromanova, Assistant Professor, Economics, Lewis & Clark College

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Group Video: Tariffs & the Future of the Global Economy (WorldOregon)

Michael Mastanduno was a Professor and, from 2010-2017, Dean of the Faculty of Arts and Sciences at Dartmouth College. He recently authored a chapter on tariffs and the future of the world economy for the 2026 Great Decisions Briefing Book

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Group Video: Tariffs and the Global Economy – World Oregon

Pablo Toral is a professor of Environmental Studies and International Relations at Beloit College, where he currently chairs the programs in Environmental Studies and International Relations, as well as the Department of Political Science.

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Group Video: Tariffs & the Future of the World Economy (Fond du Lac Public Library)

Pablo Toral, PhD, Beloit College.

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Group Video: Tariffs and the Future of the World Economy – Minitowoc Public Library

What is the rationale behind this radical shift?

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Group Video: Tariffs and the Future of The World Economy (Wood County Committee on Aging)

This week's topic—"Trump Tariffs and the Future of the World Economy," presented by Pablo Toral, PhD, Beloit College.

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Great Decisions – Manitowoc Public Library

Anna Miromanova, Assistant Professor, Economics, Lewis & Clark College

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Great Decisions – World Oregon

A comprehensive, journalism-driven documentary on the origins and stakes of the U.S.–China trade war and tariff escalation. It provides historical context and on-the-ground reporting that make complex policy accessible.

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FRONTLINE: Trump’s Trade War

Visual explainer on rising trade tensions, tariffs, and global economic impacts — a good primer before deeper discussions.

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Let the Trade Wars Begin

Concise overview of the trade war dynamics, tariff tit-for-tat actions, and economic consequences — ideal for participants new to the topic.

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US–China Trade War Explained (TRT World)

A global perspective on tariff escalation, retaliation, and geopolitical implications; includes expert commentary and broad audience framing.

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The Economist: America v China Trade War

A structured discussion of tariff escalation, negotiation phases, and evolving policy choices — useful for discussing how trade policy unfolds over time.

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US–China Trade War Explained: Tariffs, Talks & Turning Points

Another Al Jazeera piece with detail on early trade conflict stages and expert voices — good for contrasting perspectives.

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US–China Trade War: A Look at the Trade Conflict

Expert commentary on leverage, retaliation, and strategic dimensions of U.S.–China economic competition — useful for deeper discussion.

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Why China Is Gaining the Upper Hand in Trump’s Trade War

A more general documentary on global trade, globalization backlash, and fairness — great for grounding participants in broader trade history and context.

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DW Documentary: The Deceptive Promise of Free Trade

Trump's trade and tariff policies have shaken global economic norms. What is the rationale behind this radical shift?

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Group video: Wood County Committee on Aging, Inc.

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