Rising uncertainties are making global compromise and cooperation more unlikely

The idea of globalisation and free trade has gained prominence in the world over the past three decades. Despite some limitations, globalisation and free trade regime are seen as beneficial for economic development, poverty reduction, and enhanced integration among countries.

The United States has nearly completed a second list of tariffs on $100 billion in Chinese goods, as President Donald Trump prepares to enact an initial round of duties that is expected to trigger an in-kind response from Beijing, several sources say.