It does not mean that President Trump's proposed approach is the right one. However, it is important to understand the fundamental factors behind the changes we are experiencing. Recently, Mexico's Secretary of Economy, Marcelo Ebrard, surprised many when he stated that a world without tariffs will hardly return. Many even felt betrayed and complained to him how he could say that, just when we are in the middle of a review process on the continuity of the trade agreement between Mexico, the United States, and Canada. Some even went as far as to suggest that he had already backed down in the negotiation process. Those surprised and angry may not have paid enough attention to what is happening in the world. They are nostalgic for an era that will hardly return. The era of hyperglobalization has come to an end. It fell short in its results. The theoretical and conceptual idea that free trade would bring greater well-being for everyone fell short. It is true that trade openness ...