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70 reviewsFreedom is on the decline around the world. Autocrats in Europe, Asia, & the Mideast are undermining our open societies, human rights, & the rule of law. The Russian invasion in Ukraine was a wake-up call for the West, but the biggest threat remains China. For two generations, Americans & Europeans have believed that change will come through trade, but instead of dictatorships becoming more like Western democracies, unfettered free trade has strengthened our enemies & undermined our countries. We are caught in a trade trap, faced with the decision to choose either opportunism & submission or opposition & emancipation.
In The Trade Trap, one of the world’s most powerful business leaders traces the rise & costs of Western dependency on China & Russia. And he suggests a radical new approach to free trade: The establishment of a new values-based alliance of democracies. Membership is based on the adherence of three very simple criteria: the rule of law, human rights, & sustainability targets. Countries that comply with these criteria can engage in tariff-free trade with others. Those who don’t will pay prohibitive tariffs.
Sharing the author’s encounters with major global figures including Vladimir Putin, Recep Tayyip Erdogan, George W. Bush, Angela Merkel, Jack Ma, & more, The Trade Trap offers personal insight into the dangerous consequences of doing business with autocrats along with a bold proposal for a values-based trade policy.