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The great trade rearrangement

McKensey

When combined with prior policy measures, tariffs and geopolitics clearly correspond: economies that are more “ geopolitically distant ” from the United States, particularly China, tend to face the highest tariffs (Exhibit 1). Yet substantial trade tensions between the United States and China could be here to stay.

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The next innovation revolution—powered by AI

McKensey

The invention of the integrated circuit for computing and lasers for communication through fiber-optic cables helped create the global internet. They can be trained to generate chemical compounds, drug candidates, computer code, electrical designs, physical designs, and other types of potential solutions. Shattock et al.,

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