Author: Travel And Tour World

Sweeping US tariff increases in 2025 are upending global trade. This column draws on new data and simulations to show that, even with partial suspensions, the measures are set to trigger sharp contractions in trade, significant welfare losses (especially for the US), and major disruptions to global supply chains. Direct trade between the US and China may collapse, while indirect exports of Chinese products to the US will be far less affected. The tariff escalation could also distort production patterns and drive a sharp reconfiguration of global value chains, resulting in a less efficient and more opaque trade system.Read More

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