International trade: after the US tariff offensive, an ever more multipolar world

International trade: after the US tariff offensive, an ever more multipolar world

From Macro Waves by BNP Paribas Economic Research

November 4, 2025 · 10 min

About this episode

The episode discusses the impact of increased US tariffs under Donald Trump's administration on global trade dynamics and the potential restructuring of trade relationships.

https://economic-research.bnpparibas.com/Home/en-US Since Donald Trump's return to the White House in 2025, the United States has massively increased its tariffs. As a result, trade flows to the US have been disrupted, but has this affected the dynamics of global trade? And above all, are we heading towards a major restructuring of global trade? Fins out more here: EcoPerspectives — Advanced Economies | 3rd Quarter 2025– Economic Research – BNP Paribas Hosted on Ausha. See ausha.co/privacy-policy for more information.

Topics covered

  • international trade
  • US tariffs
  • global trade dynamics
  • multipolar world
  • economic restructuring

Keywords

  • tariffs
  • global trade
  • US trade policy
  • economic research
  • multipolarity

Mentioned in this episode

Organizations: BNP Paribas Economic Research, Ausha

Books & works: EcoPerspectives

Places: United States

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