No algorithm can predict how the clash of civilisations and economies on a global scale will unfold
Several Asian economies are anxiously assessing how to compete for trade with the United States after missing the August 1 deadline for the Trump administration’s tariff negotiations.
As governments scramble to negotiate deals, businesses may have to close entire factories or shift to countries with lower tariffs. If current profit margins are too thin, higher tariff rates are likely to put further stress on the cost of doing business.
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