Is this the end of globalisation?
American-led post-war order is 'finally starting to crumble' but that could bring about 'a more inclusive world'

"Globalisation is a force of nature, not a policy," said Tony Blair six years ago. "It is a fact."
Now, with Donald Trump's "Liberation Day" tariffs upending the near century-long process of integrating the global economy, the current prime minister has declared that era effectively over.
"First it was defence and national security. Now it is the global economy and trade," said Keir Starmer in The Telegraph. "Old assumptions can no longer be taken for granted. The world as we knew it has gone."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
What did the commentators say?
Starmer's message was "received by some with bewilderment, treated as a knee-jerk reaction to Donald Trump abroad and Nigel Farage at home", said George Eaton in The New Statesman. But the "most striking thing – in a government not renowned for its consistency – was that we'd heard this before".
His chancellor, Rachel Reeves, declared on a visit to Washington almost two years ago that "globalisation, as we once knew it, is dead".
"It's a reminder that the death of globalisation (or at least a form of it) has been a process rather than an event," said Eaton.
The truth is that in his "assault on globalisation, Trump has been pushing on a door that was already ajar", said the Financial Times. The loss of jobs to less developed countries and the global financial crisis had "damaged public confidence in postwar economic orthodoxy" both in the US and in other Western nations.
With the rise of China, Trump has successfully "fused these resentments about trade with his own psychology. The globalisation era was defined by the idea of win-win – that both sides can benefit from compromise." For Trump, there can only be one winner.
"When regimes end, they end in phases," said Wolfgang Munchau on UnHerd. Communism collapsed over a decade, starting with the Solidarity strike at the Gdansk shipyard in 1980 and ending with the 1991 coup against Mikhail Gorbachev.
"Trump's first term was Gdansk, the canary in the coal mine." Last week's "Liberation Day" was "globalisation's Gorbachev moment".
What next?
The US-led post-war world order may be "finally starting to crumble", said Dr Amitav Acharya in The New York Times, but "chaos will not inevitably follow".
"That fear is partly based on two errors": that the period since the end of the Second World War has "not been as good for everyone on the planet" as it has been generally for citizens of the West, and that "the very precepts of order are not Western inventions".
And that is a "reason for optimism. To understand that the American order is not the only possible system – that, for many countries, it is not even a particularly good or fair one – is to allow oneself to hope that its end could augur a more inclusive world."
This in essence is what Starmer is aiming for as well. "The world has changed, globalisation is over and we are now in a new era", a Downing Street official told The Sunday Times. "We've got to demonstrate that our approach, a more active Labour government, a more reformist government, can provide the answers for people in every part of this country."
That might not mean "the end of globalisation entirely", but Starmer is hoping "a more balanced version can emerge", said Eaton.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
5 invigoratingly funny cartoons about healing the economy
Cartoons Artists take on surgical precision, going under the knife, and more
By The Week US Published
-
Adjapsandali: Georgian-style ratatouille recipe
The Week Recommends Twist on the authentic recipe offers bursts of garlic and spices
By The Week UK Published
-
Gaza: the killing of the paramedics
In the Spotlight IDF attack on ambulance convoy a reminder that it is 'still possible to be shocked by events in Gaza'
By The Week UK Published
-
US Treasuries were a safe haven for investors. What changed?
Today's Big Question Doubts about America's fiscal competence after 'Liberation Day'
By Joel Mathis, The Week US Published
-
Who would win in a China-US trade war?
Today's Big Question Tariff pain will be higher for China but Beijing is betting it can weather the storm
By Harriet Marsden, The Week UK Published
-
Lesotho: the tiny African nation in the crosshairs of Trump's tariff war
Under the Radar US president imposes 50% reciprocal levy on the impoverished state: the highest of his so-called 'Liberation Day' tariffs
By Harriet Marsden, The Week UK Published
-
What is the job market's future after Trump's tariffs?
Talking Points Economic analysts are split on what the tariffs could mean for employees
By Justin Klawans, The Week US Published
-
How could stock market slides affect you?
Today's Big Question Pensions, prices and jobs at risk as Donald Trump's 'Liberation Day' measures take hold
By The Week UK Published
-
Are free trade zones and alliances the answer to Trump's tariffs?
Today's Big Question Temptation is to retaliate with trade barriers, but most agree nations should focus on targeted trade pacts and strengthening cooperation
By Harriet Marsden, The Week UK Published
-
Trump tariffs: five scenarios for the world's economy
The Explainer A US recession? A trade war with China? How 'Liberation Day' could realign the globe
By Harriet Marsden, The Week UK Published
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
By Peter Weber, The Week US Published