Developing countries have been busy forging trade agreements — with one another Supply chains in a post-pandemic world might revolve far less around China
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Supply chains in a post-pandemic world might revolve far less around China
Published:
Supply chains in a post-pandemic world might revolve far less around China
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Partisan gridlock, union protests, contentious town hall meetings and seemingly fruitless formal and informal political debates about proposed economic policies frustrate many and raise questions about our ability to govern. Yet such events are endemic to the policy-making process in democracies. As unproductive and inefficient as this policy-making process might appear, such deliberations are the very mechanisms which ensure that countries maintain moderate and stable patterns of economic performance.
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The Trump administration earlier this month announced that the Environmental Protection Agency would unwind clean water protection that has been in place for decades. This draws renewed attention to the importance of environmental regulations in protecting access to clean water, not only in the United States, but also around the world.
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In a week that saw President Trump tweet against a wide range of companies and countries, India got its own shout-out for high tariffs. India joined the European Union and China to push back against U.S. steel and aluminum tariffs, and notified the World Trade Organization (WTO) last week that it would impose higher import tariffs on 30 U.S. goods, including almonds, shrimp and chocolates.