A World Awash in Subsidies Threatens New Tariff Wars

As governments roll out subsidies to counter recessions triggered by the coronavirus, there's a risk they're sowing the seeds of future tariff fights and economic headwinds.

A central question once a recovery kicks in is whether World Trade Organization member nations will rush to impose duties on imported goods as a way of countering any market-distorting state aid in the countries where those goods were produced.