- October 2025: Beijing Evaluates America’s Instability
- March 2021: The Comprehensive Agreement on Investment Strengthens the ‘European Party’ in China
- May 2021: ‘Two Hands’ and ‘Two Roads’
- August-September 2021: The Chinese Dragon Does Not Wait for American Rearmament
Internationalism No. 77, July 2025 Page 13 Estimates by international institutions for April to June confirm the slowdown in global output and trade. The World Bank forecasts a decline in GDP growth from 2.8% in 2024, to 2.3% in 2025, and a sharp fall in trade from 3.4% to 1.8%. The main cause of the new slowdown is the tariff war declared by Donald Trump, who has so far imposed a universal minimum tariff of 10%. The uncertainty arising from his peculiar art of the deal , consisting of lunges, postponements, relaunches, U-turns, and pauses, makes the policy of the world's leading power unpredictable. It is also paying the highest price, with US growth halving, from 2.8% to 1.4%. The Eurozone has been floating at a rate of less than 1% since 2023 and, according to the World Bank, will remain below this level in 2025 and 2026, while the OECD and the ECB predict a return to 1% in 2025. Chin...