US President Donald Trump’s trade coercion policies are putting pressure on the global economy, potentially harming both the United States and its key allies.
The impact of these policies is being closely watched by economists and policymakers worldwide. A deeper look at the issue reveals that trade wars can have far-reaching consequences for global trade patterns and economic stability.
As tensions between major trading nations escalate, businesses and consumers are feeling the effects. Trade coercion can disrupt supply chains, drive up costs, and erode investor confidence.
The potential risks to US allies cannot be overstated. A trade war with China, for example, could lead to a significant slowdown in global growth, impacting not just the US but also countries that rely heavily on Chinese exports.
Experts warn that the consequences of unchecked trade coercion are severe and can last for years. As such, it is crucial that policymakers take a thoughtful and coordinated approach to managing these tensions and promoting sustainable trade practices.
Source: https://www.ft.com/content/7bea2d8a-d760-483c-a737-c4c08cb53f0b