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IMF Chief Says Trade System is in Danger of Being “Torn Apart”

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

Making it clear that President Xi Jinping’s recent speech on opening up China’s market and cutting back on tariffs was in no way a concession to the United States, China’s Commerce Ministry said Thursday that the country will be ready to hit back if the trade tiff with the U.S. continues to escalate. As such,…

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