Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars. “The message to me is that in trade, allies and adversaries don’t matter,” former IMF chief economist Maurice Obstfeld said. “We’re at war with everyone.”

‘We’re at war with everyone’ analyst says of Trump’s tariffs that upended global trade and markets

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars. “The message to me is that in trade, allies and adversaries don’t matter,” former IMF chief economist Maurice Obstfeld said. “We’re at war with everyone.”