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Nations try ‘banding together’ in new global trade era

Nations try ‘banding together’ in new global trade era

Officials around the world are dashing to diversify their economies. But the fight between the US and China casts a long shadow.

A security guard stands next to a sculpture titled “The World Turned Upside Down”, by artist Mark Wallinger, in London. Getty

The Trump administration had a bullish message after last week’s wrenching volte-face on tariffs: the continuing turmoil will do nothing to dim the US’ lustre as the world’s most attractive trading power.

The entire world is calling Washington, said press secretary Karoline Leavitt, speaking to reporters in front of the West Wing. “They need our markets, they need our consumers, and they need this president in the Oval Office to talk to them.”

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Original URL: https://www.afr.com/world/north-america/nations-try-banding-together-in-new-global-trade-era-20250413-p5lrbx