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The Future of Global Trade

The fallout from the chaos unleashed by Trump’s tariffs is set to be significant, with governments, multinational organisations and companies all scrambling to respond. But some consequences may prove surprising

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Trump’s tariff thunderbolt strikes a world with proven resilience
The WTO may be weakened, but a pragmatic resistance to protectionism among other nations could save world trade
Vision of a Trump master plan is fading in a storm of incoherence
There are relatively orthodox figures in his administration, but they lack consensus and the inclination to stand up to him
Emerging markets set to become battlegrounds in trade war
Developing nations face a poisoned chalice of influx of cheap goods from China and tariff penalties for trade diversion
US declaration of world trade war tests resolve of WTO members
Director-general of the multilateral institution says challenge could be beneficial, but others warn of looming ‘chaos’
EU faces trade war on many fronts
Challenges include achieving unity among member states on trade pacts and its negotiating stance with the US
Companies find themselves caught in deglobalisation crossfire
The unravelling of complex supply chains will put major industries at risk, even in the US, executives say