The world could get carved up into these 3 blocs as Trump tariffs accelerate deglobalization

The world could get carved up into these 3 blocs as Trump tariffs accelerate deglobalization

The era of lower trade barriers and greater economic interdependence is waning, and President Donald Trump’s aggressive trade war is further stoking that trend. Economists at Wells Fargo recently sketched out a hypothetical scenario where the world is divided into three trading blocs led by the U.S., China, and the EU. Globalization began retreating before President Donald Trump shocked the world with his aggressive trade war earlier this year. …