Over the past 20 years, we have seen how global economies have become increasingly connected thanks to globalization. This trend has resulted in trade agreements and increased migration, which in turn have encouraged closer integration between the world's economies. The automotive industry has been one of the major winners of this trend.
Despite the benefits, new challenges are emerging that undo the progress made so far. As China becomes a real competitor to Western dominance, we are heading towards an inevitable confrontation between these two blocs. Among the achievements of globalization, trade is perhaps the most exposed to this new reality. And it's already starting to impact the new cars we see on the roads.
