Over the past four decades, economic power has shifted significantly. Emerging economies, particularly in Asia, have grown into substantial players, challenging traditional dominance. This has altered the balance of influence, as countries that were once less significant now have the weight to influence global economic trends and policies.
US-China Trade Relations and Market Reactions
Proposed U.S. tariffs of 60% on Chinese exports are likely to create ripples across global trade. Historically, such measures might have led to a depreciation of the renminbi to maintain export competitiveness. However, current conditions suggest a different response.
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