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Tense Times In World Trade


  • The threat of new trade wars is smaller, but tension hasn’t let up between the US, EU and China.
  • Exporters continue to face higher costs and uncertainty that could weigh on trade growth after this year’s boost from economies opening up.
  • The trade war shocks to the US-China trade relationship, in terms of the higher tariffs as well as ongoing uncertainty, have seen changes in the main exporters to the US but little reshoring.

Container ship has docked in the port o and is loading and unloading
Photo by balipadma/iStock via Getty Images

By Joanna Konings

No respite from trade tensions

The election of President Biden was never expected to turn the clock back to before the trade war but did offer the possibility of a

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