It is funny how the pendulum swings back and forth. People join climate alliances, people leave them. Countries join the Paris Agreement, countries leave it, join it again and leave it again.

Social norms shift. Trade policy views shift back and forth over time. Sometimes stepping back, the pendulum crosses political boundaries — the US Inflation Reduction Act of the Biden administration was arguably only possible in terms of the extent of interventionism in trade policy because of the Trump administration before it. ..

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