Tariffs and Geopolitical Tensions Impact Global Trade and Stock Markets
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#119c5168 ver:0.08

Global trade has been affected by the imposition of tariffs by the United States on a growing number of countries, including Canada, Mexico, Turkey, India, China, and the EU. In response, these countries have retaliated with their own tariffs against the US . The history of tariffs, such as the Smoot-Hawley tariff in 1930, has shown that they can lead to a reduction in global trade . The World Trade Organization (WTO) is facing challenges related to COVID-19, e-commerce, agriculture subsidies, and dispute settlement reform . Additionally, the US and other Western countries have implemented a growing sanctions regime against countries like Russia, China, Iran, Venezuela, North Korea, and Syria . These trade frictions, along with climate change, geopolitical conflicts, and domestic political...

#newstr #Tariffs #Trade #GlobalEconomy #StockMarket #Gold #Oil #Us$Index #Recession 

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