Trump Ditches Economic Statecraft for the Power Politics of War
Economic arm-twisting with tools like tariffs showed its limitations
President Trump walks toward the White House after arriving on Marine One on March 1.
Photographer: Aaron Schwartz/CNP/BloombergThis article is for subscribers only.
With the launch of his war against Iran over the weekend, President Donald Trump reaffirmed that he was taking the world into a new era of power politics. He also, though, looks to be closing a chapter on another — the era of economic statecraft.
For a large part of the past decade, the world of security and economics has been focused on the use of economic tools in geopolitics.