Trump pledges second-term tit-for-tat tariffs
“Former President Trump on Friday signaled he would engage in escalatory trade wars with foreign nations if reelected, a tactic he employed during his first term that economists have warned could worsen inflation.”
[The Hill]
China circumvents U.S. tariffs by shipping more goods via Mexico
“Mexico is not the only beneficiary of China’s move to export goods that could end up later in the US to a third country first. Beijing is also running trade surpluses with countries like Vietnam, Singapore and the Philippines, which in turn are running widening surpluses with the US — suggesting that China’s manufacturers are continuing to benefit from US consumers’ demand for their goods, Brooks said.”
[Financial Times]
Global trade rift widening as Ukraine war passes two-year mark
“‘We find early evidence of a trend towards a stronger alignment between trade flows and geopolitical affinities since the onset of the war in Ukraine,’ they said in a report. ‘Our findings point to the first signs of fragmentation in global trade.’”
[Reuters]
World Trade Organization's push for reform plagued by obstacles
“The tough atmosphere means prospects for getting deals on decades-long talks on agriculture and fisheries are seen as a long shot, while progress on new rules on environmental issues which are not part of the WTO's mainstream mandate will likely be limited to future road maps.”
[Reuters]
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