Richard Baldwin Substack
Richard BaldwinGlobalisation, Trade, Future of World Economy
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 61 | Founded | 4 years ago | Last Issue | 12 days ago |
| Active | |||||
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rbaldwin.substack.comLatest Issues
Did Trumpian Tariffs Fragment America or the World Trade System?
By Richard Baldwin, Professor at IMD Business School, 15 May 2026. Factful Friday.
Introduction.
Trumpian tariffs were designed as political theatre. The goal was simple: show the forgotten men and women of America that the President wa...
Why Didn’t Other Countries Copy Trump’s Tariffs?
By Richard Baldwin, Professor at IMD Business School, 8 May 2026. Factful Friday.
Introduction.
When Trump launched sweeping tariffs in 2025, many feared a replay of the 1930s.
The logic seemed straightforward. Once the world’s largest...
World War Trade and the Strait of Hormuz
By Richard Baldwin, Professor at IMD Business School, 1 May 2026. Factful Friday.
Introduction.
The Strait of Hormuz has never been fully closed in modern history. Until it was.
Iran probably would have closed it even if the US and Chi...
When Trump Met Escalation Dominance:
Introduction.
In April 2025, President Trump put tariffs on almost everything from almost everywhere. This was the first full-power test of his norm-shattering tariff strategy. The test failed.
Grievance-fuelled tariffs collided with fi...
Trump’s Conduct of Trade War: What Lessons for His Conduct of Real War?
By Richard Baldwin, Professor at IMD Business School, 17 April 2026. Factful Friday.
Introduction.
In February 2025, Donald Trump launched a tariff assault on Canada, Mexico, and China. It shocked mavens and markets alike.
But it turne...
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Authors
The writers behind this newsletter.
Prof of International Economics @IMD; Founder & Editor-in-Chief @VoxEU; Books: The Globotics Upheaval (2019), The Great Convergence (2016); MIT Econ PhD
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