US-China Trade War Sparks Global Uncertainty and Shifting Alliance
The escalating US-China trade war continues to send shockwaves through global markets, driving up trade costs and disrupting long-standing economic relationships. US-China Trade War Sparks Global Uncertainty and Shifting Alliance With each country slapping tariffs on billions of dollars’ worth of goods, uncertainty looms over multinational corporations and investment flows. Major companies like NVIDIA are already feeling the heat: potential losses could reach up to $5.5 billion due to Washington’s tightening restrictions on chip exports, specifically the H20 line, to China. Although a total economic decoupling between the two superpowers is improbable, the sustained friction is catalyzing a global realignment. For instance, the European Union may find new openings to deepen its economic ties with China, even as it remains wary of issues such as industrial subsidies a...