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The regulatory crisis in global trade and the era of trade wars and the Western sanctions against China and Russia that have unfolded in recent years have hastened already-rapid growth in bilateral trade between the states.
After a bumpy year, 2023 could prove to be even more challenging for global goods trade with consumer demand faltering, oversupply returning, and the energy and subsequent inflation crisis persisting. But the supply chain pain is expected to ease and shipping a container will be cheaper