US-Led Trade War Threatens a Global Economic Setback

Global economy braces for Trump's trade war and its consequences

After three months of tumultuous negotiations, the US is preparing to unveil trade agreements with its main partner countries by July 9. But the announcement of tariff hikes, followed by numerous reversals, has already begun to undermine the foundations of global growth.

US trade wars breed jingoism worldwide

Trump’s trade deals are so far light and fraught, as leaders around the world, managing their own voters, are pushing back. With the July 9 deadline for the end of a pause on reciprocal tariffs looming, US trading partners are managing tricky domestic constituencies while keeping the world’s biggest economy onside.It’s a delicate balancing act. Canada’s new prime minister met Trump’s bullying with strength, but caved on its proposed digital serv…

US-Led Trade War Threatens a Global Economic Setback

The decades-long rise in global incomes could stall, and progress in fighting global poverty will be checked.

Why DeFi will benefit from trade wars

In the short-term, the crypto market will be negatively impacted by increased volatility in global trade, says ML Tech’s Leo Mindyuk. But over time, crypto will be less impacted than traditional finance. By Leo Mindyuk Bitcoin (BTC) tumbled over the weekend, sinking well below the $100K mark as markets reacted to the latest escalation in the U.S. trade disputes. The broader digital asset market followed suit, leading to one of the most signific…