Trade War Risks Global GDP Growth Businesses Urged to Adapt
Bloomberg Economics reports that trade war uncertainty could cost the global GDP $585 billion, impacting both China and the US economies. Businesses face challenges like rising costs and supply chain adjustments, requiring them to cut costs, diversify sourcing, and increase innovation investment. Data analysts can quantitatively analyze the impact of trade wars on macroeconomics, industries, businesses, and supply chains, providing data support for corporate response strategies. This analysis can help businesses navigate the complexities and mitigate the negative effects of ongoing trade tensions.









