As President Trump opens what could become a global trade war, countries are forging their own economic partnerships without the United States. The European Union has concluded three new trade deals in the last two months, creating one of the world's largest trade zones. Other nations, including Indonesia, Brazil, Mexico, and the Association of Southeast Asian Nations, are also forming trading blocs and networks that exclude the United States. The global economy is increasingly becoming characterized by deepening trade relationships that exclude the United States.
image sourced from original article at https://www.nytimes.com/2025/02/03/business/trump-tariffs-global-trade-blocs.html
Original article source: https://www.nytimes.com/2025/02/03/business/trump-tariffs-global-trade-blocs.html
Source Id: 2025-02-621263936