Geopolitical rivalries are transforming the contours of trade

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Here are seven ways the world’s largest trading powers are rewiring their relationships to accommodate new geopolitical challenges. Read more at straitstimes.com.

has steadily resulted in increased US trade between the US and its traditional allies in Europe.

US sanctions and the Biden administration’s decision to revoke Russia’s most basic World Trade Organisation rights have effectively severed American economic ties with Russia. As a result, Russia now trades fewer goods with the US than former American strategic foes like Iraq.

 

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