Headwind: Trade Volatility to 35% GDP by 2050
- Trade/GDP ratio drops to 35% vs consensus stabilization near 50%
- Tariff coverage expands to 60%+ of imports across nodes, doubling frictions
- Defense spending surges to 7% GDP, diverting investment from trade infrastructure
- Multi-nodal shifts cause 4.5% US-China trade decline with delayed supply chain erosion
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