Washington and Beijing are moving to a «new normal» of confrontation
Tensions between the US and China escalate again trade war, The company's business is in the midst of a global economic crisis that threatens the stability of the global economy. According to the agency Reuters, Both sides are already talking about «a »new normal" of relationships, which means long-lasting systemic confrontation without a quick return to the previous level of cooperation.
Sanctions, duties and technological isolation
Washington has introduced New restrictions on Chinese goods, The company is a leader in the microchip, green technology and telecommunications sectors.
Beijing's response increased tariffs on US semiconductors and agricultural products, while expanding cooperation with countries in Asia, Africa and Latin America.
Analysts believe that this is Transition to a bipolar economy, where technological standards, supply chains and even financial systems are increasingly divided between the blocs.
Risks to global markets
The International Monetary Fund warns that a new stage of confrontation could reduce global GDP growth by 1.5% over two years.
Export-dependent countries are already facing disruptions in the supply chain and currency fluctuations.
«What we are witnessing now is not a temporary conflict, but a structural transformation of global trade,» the Reuters.
China seeks new allies, the US strengthens alliances
Beijing is stepping up cooperation with Russia, Iran and the BRICS countries, while Washington is strengthening economic ties with Japan, India, South Korea and the EU.
This is how the New architecture of the global economy, In this new environment, the old rules of the free market no longer apply.
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