Of course, the specific nature and extent of these tensions is varied and broad-ranging, and while there has been some relief in virtue of progress achieved in some particular cases, such as the recently announced agreements in the North America region and between the United States and Korea, ongoing hostilities in other fronts remain a major source of concern.
Of particular note is the clash between China and the United States, which is widely regarded as the one with the potentially direst consequences, not only for the economies directly involved but, also, globally.