International trade: after the US tariff offensive, an ever more multipolar world

https://economic-research.bnpparibas.com/Home/en-US

Since Donald Trump's return to the White House in 2025, the United States has massively increased its tariffs. As a result, trade flows to the US have been disrupted, but has this affected the dynamics of global trade? And above all, are we heading towards a major restructuring of global trade?

Fins out more here: EcoPerspectives — Advanced Economies | 3rd Quarter 2025– Economic Research – BNP Paribas

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