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How trade tensions are really affecting the global economy
Companies are not yet rushing to relocate production to the US, but investment and dealmaking have already slowed.
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Now, as countries clamour to strike fresh deals with Mr Trump before the July 9 deadline, deep unease still lingers through global boardrooms and supply chains.
PHOTO: REUTERS
Peter Foster, Gill Plimmer, Andy Bounds and Aime Williams
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When Britain became the first country to reach a trade agreement with the US in May, after President Donald Trump’s announcement of sweeping “reciprocal” tariffs, it was hailed as a blueprint for other key US trading partners.
But almost two months passed before a second country – Vietnam – was able to strike a deal. Meanwhile, details of the British accord are still unclear, unconfirmed or subject to potential revision.
