"For the past year, countries around the world have been in panic mode as the United States added tariffs or threatened trade wars. The sheer uncertainty of President Donald Trump's whims has added a real sense of urgency to the situation. The old global trading order is gone, and the realignment is pushing countries into each other's arms in new constellations."
"China has seen much of the tariff headlines, but US neighbors and biggest trading partners Mexico and Canada have not been spared. Across the Atlantic, the European Union has been on the tariff rollercoaster, too, and is questioning long-standing partnerships. The contempt that Trump threw at Europe at the World Economic Forum in Davos was yet another loud wake-up call."
"A reliable trading partner in tough times? To counterbalance US hostility, the EU has been trying to scrape together deals, and finalize others long in the making, to show that the bloc is a reliable trading partner and an alternative to the US. But trade deals are notoriously complex and take time to put together even in the best circumstances."
US tariffs and threats have generated global panic and deep uncertainty, driven by unpredictable presidential decisions. The old global trading order has fragmented, prompting realignments and new trade constellations. China has borne much of the tariff attention, while US neighbors Mexico and Canada have also been affected. The European Union has experienced tariff volatility and questioned long-standing partnerships after confrontational rhetoric at Davos. To counterbalance US hostility, the EU has pursued and finalized trade deals to present itself as a reliable trading partner and alternative to the US. Trade negotiations remain complex and slow; the EU-Mercosur agreement required 25 years to reach signature.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]