Donald Trump’s sweeping new tariffs are reshaping global trade and accelerating the rise of a multipolar global economy. The shift away from a US-dominated system is no longer theoretical but active and accelerating. Nigel Green, CEO of deVere Group, states that multipolarity now defines the direction of global trade, with countries rewiring their trade priorities due to tariffs. The article discusses the tariffs imposed by the US on major trading partners, the consequences for countries like Canada, Brazil, India, and the ripple effects on global trade relationships. It highlights the coordination between countries like China, Russia, and India in response to the tariffs, showcasing a move towards forming new trade networks. With tariffs becoming a permanent feature, the article emphasizes the shift away from reliance on the US as the central node in the global economy, affecting markets, capital movements, and supply chain realignments. It underscores the trend towards a fragmented economic power structure and intense competition for economic influence.
