Phase 1 won’t do, global trade pain will continue in the 20s
Chris Rogers | Panjiva Research | 18 February 2020 | 0.25 CE
The US-China trade deal was supposed to settle global trade uncertainty in 2020. Nothing could be further from the truth. China will struggle to deliver on its phase 1 trade deal commitments while the Trump administration might declare a trade war with Europe. Elsewhere uncertainties range from Brexit to RCEP. Supply chains meanwhile are in the midst of a multi-year period of restructuring, leaving decision makers uncertain of their policy environment. Diversified supply chains are vital to minimising VUCA risks into the 2020s.