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International trade: after the US tariff offensive, an ever more multipolar world artwork
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International trade: after the US tariff offensive, an ever more multipolar world

Macro Waves by BNP Paribas Economic Research

Nov 4, 202509:30Business

Since Donald Trump's return to the White House in 2025, the United States has massively increased its tariffs. As a result, trade flows to the US have been disrupted, but has this affected the dynamics of global trade? A...