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Global trade faces potential contraction due to rising tariffs, with the US-China dispute at the center.
Global trade is facing a potential 0.2% contraction due to escalating tariffs, with the risk of deepening to 1.5% if trade tensions intensify, according to the World Trade Organisation.
Amidst the US-China trade war, India and the UAE are seen as potential stabilizers, with the UAE offering a strategic base for Indian firms to expand into Africa and other markets.
Experts predict limited direct impact on Gulf economies from US tariffs, though broader economic fallout remains a concern.
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El comercio global se enfrenta a una potencial contracción debido al aumento de los aranceles, con la disputa entre Estados Unidos y China en el centro.