The reset has been reset. After delivering a shock to the global trade system with “Liberation Day,” the Trump administration has now put many of these newly imposed tariffs on hold, allowing countries to propose trade and other policy changes in exchange for reduced rates. As the White House negotiates these deals, the aftermath of Liberation Day should serve as a reminder that rebalancing the global economic order isn’t just about trade policy. It requires restoring America’s industrial resilience—a long-ignored national priority.
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