Chinese purchases of farm and energy goods fall short as pandemic upends trade deal
“The two countries’ data sources contain different figures but tell the same story: China has significantly missed the legal marks required by the deal, raising questions about the measures Mr. Trump will take to enforce the agreement in the middle of an election year and global pandemic.”
[Pittsburgh Post-Gazette]
WTO reports big slump in global trade as coronavirus takes toll
“Warning there was little evidence of the downturn ending soon as Covid-19 brings the world economy to an effective standstill, the global authority on trade said it believed import and export activity would fall ‘precipitously’ in the first half of 2020.”
[The Guardian]
EU lifts restrictions on PPE exports
“The export authorisation scheme for personal protective equipment (PPE), first introduced in March this year, to ensure adequacy of supply of such products in the EU in times of the coronavirus pandemic, ceases to apply, as planned, from today (26 May).”
[European Commission]
Mexico posts largest trade deficit on record as exports collapse
“The deficit posted in April was by far the largest on record, according to data dating back to 1991, as exports dropped 37.7% in seasonally-adjusted terms and imports fell 21.9%.”
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