The article discusses the fracturing of globalization, highlighting how tariffs, trade wars, and resource nationalism have transitioned from rare disruptions to a prevailing norm. Recent events, including changes in U.S. tariffs and China's approach to rare earth minerals, illustrate this volatility. The shifting landscape of global commerce is driven by various factors such as geopolitics, climate concerns, and conflicts, leading to increased uncertainty in international trade and cooperation.
Global commerce is increasingly volatile, redrawn by geopolitics, climate, and conflict. Tariffs, trade wars, and supply chain shocks are now the new normal.
The recent fluctuations in U.S. tariffs and China's rare earth minerals policy reflect a broader trend of disruptions in globalization, highlighting its fragility.
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