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Dear Reader,

How did the promise of a prosperous globalized economy morph into just another avenue for geopolitical competition? Our newest issue is out today and digs into the trade wars—with fascinating pieces about everything from China’s statecraft to the challenges of “worker-centric” policies to the future of trade in an age where data is power.

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The Team at Foreign Affairs

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How Not to Win Allies and Influence Geopolitics

China’s Self-Defeating Economic Statecraft

Audrye Wong

The Longest Wars

Richard Holbrooke and the Decline of American Power

George Packer

The Starving State

Why Capitalism’s Salvation Depends on Taxation

Joseph E. Stiglitz, Todd N. Tucker, and Gabriel Zucman

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