Under the current administration of President Donald Trump, the U.S. has taken a hard stance on trade, imposing tariffs on several nations, including major economic players such as China, the European Union, and Mexico.
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To avoid a future global recession, it is crucial for nations to engage in dialogue and pursue multilateral trade agreements that promote cooperation rather than conflict. Countries must recognize that in an interconnected world, a policy of isolationism and protectionism can backfire, causing far-reaching economic damage. By focusing on global collaboration and open trade, nations can work together to ensure a stable and prosperous future for all.
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