BWC Member Christopher Smart shared his 2026 outlook for global trade, highlighting how the focus of trade tensions is shifting from Washington to Beijing. His analysis underscores that while trade conflicts have long been centered on U.S.–China relations, evolving economic interdependencies and policy priorities suggest a broader redistribution of influence that will shape trade dynamics in the year ahead. His outlook ultimately emphasizes the need for adaptive strategies by policymakers and market participants to navigate these emerging complexities.

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All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.