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Donald Trump has thrown a hand grenade into the global economic architecture that was so painstakingly constructed in the years after World War II's end. The attempted destruction of this rules-based system of global governance – now manifested in Trump's withdrawal of the United States from the 2015 Paris climate agreement – is just the latest aspect of the U.S. president's assault on our basic system of values and institutions.The America will suffer under Trump. Its global leadership role was being destroyed, even before Trump broke faith with over 190 countries by withdrawing from the Paris accord. How can the world manage a "rogue" U.S.?Just as investment in technology and education gave Germany a distinct advantage in advanced manufacturing over a U.S. hamstrung by Republican ideology, so, too, Europe and Asia will achieve an almost insurmountable advantage over the U.S. in the green technologies of the future.If Trump wants to withdraw the U.S. from the Paris climate agreement, the rest of the world should impose a carbon-adjustment tax on U.S. exports that do not comply with global standards.
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