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Fortune

Jason Ma

REVEALED: The world could get carved up into these 3 blocs as trump tariffs accelerate deglobalization | Vintage Vibes

Wells Fargo Donald Trump Globalization China European Union United States GDP

(Credit: Getty Images)

The era of lower trade barriers and greater economic interdependence is waning, and President Donald Trump’s aggressive trade war is further stoking that trend. Economists at Wells Fargo recently sketched out a hypothetical scenario where the world is divided into three trading blocs led by the U.S., China, and the EU.

Globalization began retreating before President Donald Trump shocked the world with his aggressive trade war earlier this year.

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