Trump’s Trade Wars, and Now COVID-19, Are Unraveling Trade as We Know It

U.S. President Donald Trump after attending a joint press conference with Chinese leader Xi Jinping at the Great Hall of the People, Beijing, Nov. 9, 2017 (AP photo by Andy Wong).
U.S. President Donald Trump after attending a joint press conference with Chinese leader Xi Jinping at the Great Hall of the People, Beijing, Nov. 9, 2017 (AP photo by Andy Wong).

The global economic map is reshuffling, and predictions abound on where the pieces will land. As companies scramble to protect themselves from U.S. President Donald Trump’s trade wars, the growing technology rivalry between the United States and China, and the disruptions caused by the COVID-19 pandemic, will the long-promised “reshoring” of manufacturing back to higher-wage countries finally take place? Will the U.S. and China “decouple” their economies, particularly for the technologies of the future? If so, how will Europe, Japan and others respond? For the moment, the big winner is uncertainty. We have moved from a world in which companies […]

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