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Mapping the high-tariff world
How the trade war will reorder the global economy – not burn it down.
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“Made in America” is now attracting more controversy than customers in some countries, who say they are avoiding US products.
PHOTO: AFP
Ruchir Sharma
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The trade war dust has yet to settle, and may never under US President Donald Trump. But there is no going back to the low-tariff world, led by America for much of the post-World War II era. The effective US tariff rate is likely to remain well above 10 per cent
America’s trade offensive has already created enough doubt among domestic businesses and global investors to radically redirect long-established supply chains and capital flows.
