Global trade weathers Iran, Ukraine and Trump's tariffs: temporary shock or great reversal?

The article assesses the cumulative impact of COVID, the Ukraine and Iran conflicts, and Trump-era tariffs on global trade over six years, questioning whether the observed slowdown is cyclical or structural. It notes that globalization was already stalling before these shocks, and the piece weighs evidence for a temporary disruption versus a lasting reversal. The analysis is forward-looking and uncertain, with no new data or events reported.