WTO DG, Ngozi Okonjo-Iweala, warns we are seeing a major de-coupling of China/US trade & this will have an adverse impact on the global economy...
she may be right, but equally we may be 'merely' entering a period of transition (as I've argued before) between a system where the US is (perhaps too uncritically) seen as the global economic 'leader' to one not where China takes over, but rather we end up with a multipolar system of regional trading blocs!
#economics
https://www.theguardian.com/us-news/2025/apr/16/trump-tariffs-will-send-global-trade-into-reverse-this-year-warns-wto
Emeritus Prof Christopher May
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2025-04-16 16:34:32 UTC
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2025-04-16 16:34:32 UTCEvent JSON
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