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Ingo Plöger, President of the Strategical Council of CEAL The U.S.-led trade dispute involving the European Union, China and other countries has led companies to reshape their business in the face of immediate uncertainty. Latin America, although not directly linked to U.S. trade protectionist objectives, perhaps with the exception of Mexico, has been affected by this new situation. The U.S., China and the European Union, which share almost the same GDP of $18 trillion, have a very different external dependence. Whilst China and the U.S. have almost the same size in the export-import-to-GDP ratio, of approximately 22-27 percent, the European […]
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