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Protectionism is becoming a growth policy again
Trade barriers are moving from the edge of policy debate to the center of decisions on investment, inflation and industrial resilience.
International Economics brings the broad warning: global growth is holding up, but the margin for error is narrowing. Guardian pieces selected there point to IMF concern about weak resilience, developing countries facing energy, weather and borrowing-cost shocks, and the need for international cooperation when supply chains and public finances are under strain.
The UK macroeconomics topic turns that global pressure into a concrete trade-policy choice. The UK is being pressed over whether it will follow the EU in taking a tougher line on Chinese electric vehicles if it wants inclusion in a European industrial scheme.
Industrial policy is no longer separate from trade. The same cluster of articles shows France easing its stance on UK participation in “Made in Europe” rules, while Volkswagen welcomes a European push to defend domestic industry. The economic tension is clear: resilience and jobs may be bought at the cost of efficiency and higher prices.
The live issue is not whether protectionism exists, but how much of it governments are willing to accept as the price of industrial capacity. The posts connect tariffs, Chinese competition, car manufacturing, borrowing costs and global financial fragility into one growth story.
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