The Birth of a China-Centric Trade World

Graph via Rhodium Group

The recent controversy surrounding the Trump administration’s on-again-off-again imposition of tariffs on trade partners (and China’s countermeasures) has focused on the United States’ centrality to the current global trade system. In response, countries are scrambling to lessen their exposure to the U.S.

For example, the Prime Minister of the Bahamas, Philip Davis, said this week: “We’re going to find new trade partners. The same beef and other products that we currently import from suppliers in the United States, we’ll make it easier to bring them directly from Brazil and other markets, cutting out the middleman.”

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by CGSP Staff

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