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5 Terms
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universal tariffs
10% tariffs on all us imports up to 60% for chinese goods
2
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global trade disruptions
IMF projects slowdown of econ growth by 2.8%
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european export challenges
particularly germany face potential GDP reductions up to 1%
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shift in global supply chains
‘friend shoring’ rather than deglobalisation- shifting supply chains to politically aligned nations
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consequences on trade blocs
countries focus more on regional trade deals (eg ASEAN) to bypass tensions, moving towards regionalisation rather than globalisation
Note 
Flashcards (48)