World Finance in an Era of Trade Wars

... American goods to 125%. As of the time of writing, 75 countries that are willing to negotiate trade deals with Washington had their reciprocal tariffs paused until July 10, 2025. It is important to stress that global trade imbalances stem from flaws in the current ... ... consumer price inflation, which gave rise to a parallel financial system, detached from the real economy. Higher returns in finance disincentivized investment in manufacturing. Global trade imbalances have driven the over-financialization of the world ...