What Humming Export Machines Mean for the Trade War

The tariffs imposed by the US became the big economic story of 2025, as much for what they didn't do as for the disruption they engendered and outcry they caused. They might be shouldering too great a burden.

There hasn't been a global recession, yet. Nor, despite dire warnings, has there been much by way of retaliation, except for some actions by China. And trade-dependent nations like Vietnam and Singapore, far from being forced out of business, reported respectable growth figures at the close of the year.