Rising Trade Tensions: A Global Concern

The escalating trade tensions between China and the EU highlight a growing global concern about protectionist policies. The EU's proposed tariffs on Chinese electric vehicles have sparked retaliation from China, which is investigating imports of EU pork and brandy.

This conflict mirrors broader international trends, where over 27,000 government interventions in trade have been reported in the last five years. Economists warn that the retreat from globalization could lead to significant economic costs, with potential GDP losses looming for several countries.

The fragile state of global supply chains and the looming threat of increased protectionism could disrupt economic stability. As major powers navigate these tensions, the future of international trade remains uncertain, with calls for a cooperative approach to avoid further escalation and protect global economic interests.