Trump's re-election could reshape global trade dynamics and U.S. relations

Donald Trump’s re-election as U.S. president may lead to significant changes in global trade dynamics. His "America First" policies could result in higher tariffs, particularly on China, and a shift towards a more transactional approach in international relations. Despite ongoing discussions about deglobalization, global trade volumes have increased post-pandemic. However, Trump's aggressive trade stance could disrupt this trend, impacting relationships with both China and Europe, which rely heavily on U.S. demand for exports. The emerging post-globalization environment may create a multipolar world, complicating trade for developing nations. Increased U.S. tariffs and skepticism towards multilateral institutions could hinder economic growth and stability, particularly for countries dependent on global trade and investment.