Global Economy Took Tariff Hike in Its Stride, But Stronger Headwinds Are Ahead
Higher tariffs are now leading to weaker trade flows. The global economy appears to have taken a sharp rise in U.S. tariffs and increased uncertainty about the future of the international trading system in its stride, but faces stronger headwinds as tax rates continue to climb. As more countries release figures for economic growth that cover the second quarter of this year, a clear pattern has emerged. Those that grew rapidly in the first quarter as U.S. businesses raced to build up inventories ahead of hi...Read more:
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