The global economic order that has guided international trade for the past 8 decades is undergoing a dramatic reset. Long standing rules are being challenged, and a new playbook is yet to emerge.
Since late January 2025, the United States has launched a flurry of tariff measures, starting with levies on imports from Canada, China, and Mexico and extending into key sectors such as technology, steel, and autos. The escalation climaxed on April 2, when the U.S. imposed near-universal tariffs, sending its effective tariff rate soaring beyond lev
