The Escalation Game: Why tariff wars are dangerously destructive

News Snapshot:

Around the world, inside governments and companies, the rapid onset of an international tariff war sparked by U.S. President Donald Trump’s efforts to redraw global trade has forced the need for high-level strategizing. Old playbooks are getting dusted off, and in some cases, Cold War doctrines once used to navigate arms races and other forms of conflict are being deployed in a new economic context. One of the war rooms in this battle resides inside a nondescript office tower in Waterloo, Ont., at the headquarters of Open Options Corp. The firm, which got its start working with the CIA in...