Mumbai, Jan. 13 -- World Economic Forum has stated in a latest update that global trade has entered a new phase after decades of globalization. Despite narratives of "deglobalization", global trade has continued to expand and has reached record levels in recent years, even as geopolitical tensions, pandemics and wars disrupted the global value chain. It noted that China's 2025 trade surplus reached a record of over $1 trillion in just 11 months. What seems to be changing is not the level of global integration, but its architecture. Recent US trade policy shifts have triggered a structural transformation in global supply chains and trade flows from pure cost optimization to strategic resilience - a transition better described as "reglobaliza...