The World Bank projects global economic growth will slow to 2.3% in 2025, down from the 2.7% clip forecast in January, as a result of trade wars launched largely by the US.
If there’s a winner from President Donald Trump’s trade wars, India is a good candidate. Its longtime rivalry with China gives Prime Minister Narendra Modi ample motive to build new bridges with the United States.
As countries try to turn jobs green while also boosting exports, reliance on protectionist economic policies is becoming an increasing point of friction between governments. In the end, will global efforts to protect the planet run aground on national efforts to protect certain industries?