Recent global challenges like the pandemic, rising geopolitical tensions, and climate change have thrust trade policy back into the spotlight. What trade policies are low- and middle-income countries arming themselves with in response? Are they harming more than helping? In this Policy Research Talk delivered on March 26, 2024, ÐÓ°ÉÂÛ̳ economists Ana Margarida Fernandes and Devaki Ghose addressed these questions, drawing on number of country-specific case studies.