The world economy can be engraved in these 3 trading blocks

However, his tariffs accelerated the trend, the President of the European Commission Ursula Von Der Leyen, in question, “We know the West,” We already knew this. ”

Although Trump is withdrawn from the highest rates, some form tariffs do not seem like they went soon. On Thursday, offered the will of the United States Unilaterally applying tariffs as high as 70% in the coming days.

Last month, in a note, Economists in Whells Fargo sketched a hypothetical scenario where the world’s three trading blocks lead the United States, China and EU.

The US block covers the Western Hemisphere and the majority of traditional allies in the Middle East. China’s block includes both the best economy in Africa and in several countries in Latin America and in the Middle East, East Asia and Central Asia and Central Asia. The EU block is the smallest group covering the European Union, the United Kingdom, Iceland, Norway, Switzerland, Turkey and Ukraine.

“Deglobalization has roots in the geopolitical and economic competition between the United States and China,” Wells Fargo. “Recent events increase the likelihood of global economic decisions. Specifically, the possibility of the European Union to go to its geopolitical and economic direction is not unpleasant.”

Economic influence of deglobalization

Wells Fargo will be resolved at the end of legal challenges for Trump’s tariffs, to be resolved in an effective proportion, about 14%. This is opened in “Freedom Day” below one part of Trump in the most steep rates, it still shows a sharp increase 2.3% effective ratio At the end of 2024.

For analysis, the bank looked at 100 countries in 100 countries in GDP and 100 countries that make up 93% of global exports, then divide them into three blocks.

The United States Bloc was about half of global GDP in 2023 in 2023, each of the EU and China blocks represented a quarter of global GDP.

In other blocks of each block The-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the- -The-the-The-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the- was using Fargo Oxford global economic model In order to evaluate global real GDP, trade will grow by 9.1% in 2025-2029, in 2025-2029, in essence of trade, 9.1% compared to the main scenario.

This is translated into the world of about $ 3.8 trillion or four to $ 1,500 for a typical house for a typical house for a typical house in this span.

“The growth-reduction effects are felt within the first two years after applying, but at least during the forecast period, the global GDP is not during the forecast period,” said Wells Fargo.

US Block

• United States
• Japan
• India
• Brazil
• Canadian
• South Korea
• Mexico
• Australia
• Saudi Arabia
• Argentina
• Bahrain
• Bangladesh
• Chile
• Colombia
• Costa Rica
• Dominican Republic
• Ecuador
• Egyptian
• El Salvador
• Emergency
• Honduras
• Israel
• Jamaican
• Ibordan
• Kujayi
• Moroccan
• New Zealand
• Panama
• Paraguay
• Peru
• Philippines
• Train
• Singapore
• United Arab Emirates
• Uruguay

I’m blocking

• The European Union
• UK
• Icelandic
• Norwegian
• Switzerland
• Turkey
• Ukraine

China block

• Chinese
• Russia
• Indonesia
• Thailand
• Vietnam
• Malaysia
• Afghanistan
• Of course
• Armenia
• Azerbaijan
• Belarusian
• Bolivia
• Cambodia
• Pus
• Kazakhstan
• Kenya
• In Kyrgyzstan
• Nicaragua
• Nigeria
• Oman
• Pakistan
• South Africa
• Sri Lanka
• Syria
• Tajikistan
• Tanzania
• Tunisia
• Turkmenistan
• Uganda
• Uzbekistan
• Venezuela
• Zimbabwe