The world braced for a Washington-made rupture last year. Trade held up, while China flooded many regions with its exports. The world entered 2025 expecting a trade shock stamped “Made in Washington.” US President Donald Trump vowed to shrink chronic deficits and pledged a tariff-driven reset that would force companies—and trading partners—into new lanes. The shock never fully arrived. Global commerce kept moving, prices for traded goods didn’t spiral, and exemptions and carve-outs softened the

Tag-uri: Donald Trump