A 'Prisoner’s Dilemma' is driving the trade war & the costs could be huge
The WTO’s World Trade Report 2026 says global trade is caught in a “Prisoner’s Dilemma”: countries have an incentive to protect their own markets, but when everyone raises tariffs and restricts imports, retaliation can shrink trade, raise prices and leave all sides worse off.
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
Also reported by 1 other outlet
- The ‘Prisoner’s Dilemma’ behind a costly trade war economictimes.indiatimes.com
