💨 Abstract

US President-elect Donald Trump is set to prioritize import tariffs, potentially causing another wave of global supply chain restructuring, according to S&P Global Market Intelligence. Trump's policy, a continuation from his first term, could create uncertainty in global trade and supply chain planning. During his first term, Trump frequently justified trade actions by citing merchandise trade deficits, with the US trade deficit with China declining 18.7%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖