Tensions and Tariffs: Global Trade Dynamics

This chapter examines the escalating military actions by Israel in Gaza and the complex ceasefire negotiations with Hamas. It also discusses the ripple effects of new U.S. tariffs on global markets, particularly focusing on reactions from China and Japan, as well as the significant challenges faced by U.S. business groups. Additionally, the chapter highlights the potential shifts in intra-trade among developing economies as they adapt to changing trade relations.