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Geopolitics and the geometry of global trade: 2026 update (McKinsey & Company)

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ReportMcKinsey & CompanyMarch 2026Summary onlyOriginal source

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About this report

  • A McKinsey Global Institute update on how geopolitics is reshaping global trade flows.p.
  • It examines how tariffs triggered a readjustment of trade between the United States and China.p.
  • It looks at how the United States replaced lost Chinese imports with goods from other suppliers.p.
  • For policy makers, supply chain leaders, economists and investors.p.

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