US and China on brink of trade war, World Economic Forum fears

More than two-thirds of senior economists expect a US-China trade war, with the next 12 months marked by increasing tariffs and tensions, according to a World Economic Forum survey.

Protectionism, conflict, sanctions and national security concerns will hamper trade in 2025 with greater regionalisation of trade over the next three years that will have an impact on shipping, according to the think-tank’s economic outlook for 2025.