In the light Trump's tariffs that are frightening US corporations and European and North American allies along with Japan and China, a report by IMF, World Bank and WTO have produced Reinvigorating Trade and Inclusive Growth. While persisting on "trade reform", the report fails to recognise the arguments about the distribution of gains from trade. In contrast, the evidence-based arguments presented in the UNCTAD's Trade and Development Report 2018 report are telling

* This article was originally published in the Frontline Print edition: October 26, 2018.