The Journal of Australian Political Economy regularly publishes articles on contentious issues of public concern. Because real-world challenges are continuously evolving, timely analyses of the underlying political economic forces are recurrently needed. This latest issue of JAPE focuses on key public policy issues, both globally and nationally.
The nature and effects of US trade policies are the focus of the first article. As we know, the dramatic tariff hikes implemented by the Trump administration during 2025 have had jarring effects throughout the global economy. But is there method in the madness? Patricia Ranald’s article looks at how international trade policy theory and practice has evolved over recent decades, leading up to the Trumpian disruptions. It associates Trump’s policies with a mercantilist approach to political economy as well as a shift from democracy to authoritarianism. Looking at the causes as well as the consequences of these recent policy changes, it posits ‘brutal coherence behind the chaos’.

