The new Trump administration’s tariff wars are causing costly, even dangerous global fragmentation, with coercive unilateralism that’s fostering 1930s-like xenophobia and far-right nationalism. WITH its misguided tariff wars, the second Trump administration is not only fragmenting seven decades of globalization. It is also contributing to a kind of geopolitical climate that set the stage for the rise of xenophobia and extreme nationalism, including fascism, in the 1930s. Times are different today, but like then, globalization is no longer at a crossroads. It is unraveling. The White House has opted for an ominous path with a dark historical precedent. Dark legacies...