Trade wars persist, reshaping global supply chains

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Global Economy & Markets

Trade wars persist, reshaping global supply chains

The IMF says global trade ties resemble the Cold War era, and the economic fallout from years of strained relations between China and the West could worsen the world economy if it continues. Let's take a closer look at the trade and tech wars between the world's two major economies. Trade wars started during Donald Trump's first term in office, between 2017 and 2021, and they have continued under Joe Biden. China's President Xi Jinping calls America's export controls as "chokehold technologies". The struggle is reshaping relationships and supply chains the world over.