PREVIEW

Turmoil and Trade Wars Take Center Stage at China’s ‘Summer Davos’. As oil prices drop to their lowest in two weeks following a ceasefire agreement between Israel and Iran, business leaders gathered in Tianjin, China for the "Summer Davos" are facing growing concerns about the global economy. The escalating conflict between Iran, Israel, and the US has pushed trade wars, tariffs, and inflation down the list of worries. Borge Brende, president of the World Economic Forum, warned that without economic growth, we may face a decade of stagnation. The summit, once a symbol of globalized free trade, is now overshadowed by President Trump's tariff wars which have disrupted supply chains and hindered business planning for the future.
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