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The Resilience of Globalization
This chapter explores the complexities and continued progress of globalization post-2016, challenging notions of deglobalization with data from the pharmaceutical trade and China’s export performance. It examines the impact of the U.S.-China trade war on trade patterns, particularly in the automotive sector, revealing significant shifts and discrepancies in trade data. Additionally, the chapter discusses corporate taxation changes under the Tax Cuts and Jobs Act and their mixed outcomes for various industries, emphasizing the systemic issues within the current trade policies.