<description>&lt;p&gt;&lt;a href="https://economic-research.bnpparibas.com/Home/en-US"&gt;https://economic-research.bnpparibas.com/Home/en-US&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Since Donald Trump's return to the White House in 2025, the United States has massively increased its tariffs. As a result, trade flows to the US have been disrupted, but has this affected the dynamics of global trade? And above all, are we heading towards a major restructuring of global trade?&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Fins out more here: &lt;a href="https://economic-research.bnpparibas.com/Publication/23418/en-US"&gt;EcoPerspectives — Advanced Economies | 3rd Quarter 2025– Economic Research – BNP Paribas&lt;/a&gt;&lt;/p&gt;&lt;br/&gt;&lt;p&gt;Hosted on Ausha. See &lt;a href="https://ausha.co/privacy-policy"&gt;ausha.co/privacy-policy&lt;/a&gt; for more information.&lt;/p&gt;</description>

Macro Waves

BNP Paribas Economic Research

International trade: after the US tariff offensive, an ever more multipolar world

NOV 4, 20259 MIN
Macro Waves

International trade: after the US tariff offensive, an ever more multipolar world

NOV 4, 20259 MIN

Description

https://economic-research.bnpparibas.com/Home/en-USSince Donald Trump's return to the White House in 2025, the United States has massively increased its tariffs. As a result, trade flows to the US have been disrupted, but has this affected the dynamics of global trade? And above all, are we heading towards a major restructuring of global trade?Fins out more here: EcoPerspectives — Advanced Economies | 3rd Quarter 2025– Economic Research – BNP ParibasHosted on Ausha. See ausha.co/privacy-policy for more information.