How trade tensions are really affecting the global economy
Companies are not yet rushing to relocate production to the US, but investment and dealmaking have already slowed.
Now, as countries clamour to strike fresh deals with Mr Trump before the July 9 deadline, deep unease still lingers through global boardrooms and supply chains.
When Britain became the first country to reach a trade agreement with the US in May, after President Donald Trump's announcement of sweeping 'reciprocal' tariffs, it was hailed as a blueprint for other key US trading partners.
But almost two months passed before a second country – Vietnam – was able to strike a deal. Meanwhile, details of the British accord are still unclear, unconfirmed or subject to potential revision.
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an hour ago
- Straits Times
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