Trade War Reprieve Won’t Spare Global Economic Fallout
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I’m Malcolm Scott, international economics enterprise editor in Sydney. Today we’re looking at the hit to the global economy stemming from tariff uncertainty. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
Global commerce was given a last-minute reprieve when President Donald Trump delayed tariffs on Canada and Mexico. And even the 10% levies he slapped on China were mild compared with some of his campaign threats, as were the retaliatory steps taken by Beijing. That doesn’t mean the global economy will be spared from fallout.