The hidden risk of a protracted trade war goes beyond the most obvious downside of losing valued trading partners, disrupting the supply chain and increasing costs.
Even without Apple Inc., Chinese companies are building world-class, premium products, though China’s signature feature of undercutting the established market remains.
Saudi Arabia is racing to restore oil production after a brazen drone strike on a key Aramco facility slashed its output by half, removing about 5% of world supply.
The full scale of the damage a no-deal Brexit could cause to the U.K. was revealed when Boris Johnson’s government published its worst-case scenario — a document it tried to keep secret.
A draft executive order would target foreign shippers routing deliveries through the U.S. Postal Service — not the two-largest U.S. couriers United Parcel Service Inc. and FedEx Corp.
A switch to World Trade Organization rules along with tighter controls on international shipping have the potential to hamstring the U.K. industry, the British Fashion Council said.