The Unintended Effects of the US-China Trade War on Global Trade
===============
#226688e6 ver:0.2
The US-China trade war is causing economic fragmentation and hindering global trade cooperation, warns the IMF. The world is divided into China-leaning, US-leaning, and nonaligned blocs, with trade between aligned blocs declining by 12%. Low-income countries will be hit hardest. To mitigate the impact, diversify commodity supply and invest in critical mineral recycling. Preserving gains from open trade and developing digital trade infrastructure are crucial. The possibility of decoupling between the US and China could lead to a more fragmented global economy. The trade war has unintended effects, redirecting trade and causing a technological race. A compromise, conflict, or gradual return to economic reason are possible scenarios. #TradeWar #GlobalTrade #EconomicFragmentation...
#newstr #UschinaTradeWar #GlobalTrade #China'sExports #EconomicDecoupling #Protectionism
https://here.news/story/226688e6?ver=0.2
Protecting Global Free Trade in the Face of US Nationalism /
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2024-05-27 09:01:45
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2024-05-27 09:01:45Event JSON
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"content": "The Unintended Effects of the US-China Trade War on Global Trade\n===============\t\n#226688e6 ver:0.2\n\nThe US-China trade war is causing economic fragmentation and hindering global trade cooperation, warns the IMF. The world is divided into China-leaning, US-leaning, and nonaligned blocs, with trade between aligned blocs declining by 12%. Low-income countries will be hit hardest. To mitigate the impact, diversify commodity supply and invest in critical mineral recycling. Preserving gains from open trade and developing digital trade infrastructure are crucial. The possibility of decoupling between the US and China could lead to a more fragmented global economy. The trade war has unintended effects, redirecting trade and causing a technological race. A compromise, conflict, or gradual return to economic reason are possible scenarios. #TradeWar #GlobalTrade #EconomicFragmentation...\n\n#newstr #UschinaTradeWar #GlobalTrade #China'sExports #EconomicDecoupling #Protectionism \n\n https://here.news/story/226688e6?ver=0.2",
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