Globalisation can survive the US trade war

Supply chains face upheaval while the United States and China are pulling apart, but that doesn’t mean globalisation is dead. — Bloomberg

AS US President Donald Trump’s sweeping trade levies take effect and raise his country’s average duties to the highest since World War II, it’s easy to imagine globalisation is in reverse and that a new era of protectionism, fragmentation and reshoring has begun.

Some of the gloom may be overdone.