Given the interconnectedness of the world economy, mitigation and adaptation actions applied within the borders of individual countries may have global repercussions. This is particularly the case for measures taken by countries that account for a large share of global demand for commodities, such as China and the United States. Climate response measures are expected to reduce global demand for and trade in carbon-intensive commodities, as well as their prices, which will have a significant impact on the economies of many CDDCs.