The principal challenge to business confidence has a name: Donald Trump.
If we look at why the U.S. waged a trade war and how China is fighting back, we can predict its future direction.
What the world needs is not more bilateral trade deals, but a true multilateral deal that opens up opportunities for all countries.
In today's topsy-turvy world, when the former champion of free trade - the U.S. - continues to impose or threaten a range of protectionist measures, it appears the center of rational gravity has shifted.
Trump’s mistakes will continue because his vision of trade is outdated.