Will Iran war reshape global trade more than COVID?
Tamara Ceaikovski
Iran 's shutdown of the Strait of Hormuz has drawn comparisons with the supply disruptions of the COVID-19 pandemic and US President Donald Trump's new tariff regime. The pandemic exposed the world's heavy dependence on China for manufacturing everything from electronics to medical gear, while Trump’s tariffs , introduced last year, also accelerated efforts to cut that reliance. The war in Iran has highlighted yet another weakness: how fast a disruption to critical raw materials such as oil,
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