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Economy News

The Economic Times

Economy / The Economic Times

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China, Iran weaponised global economy to counter US: report

Global economic competition intensifies as China and Iran use supply chains and trade routes for strategic advantage. This challenges the United States' former economic dominance. Nations are now investing in domestic production to build economic defenses. This shift signals a new global economic order driven by geopolitical realities. The US faces vulnerabilities in key industries.

12 Apr 2026 8:50 pm