Trump's VP pick hardens swing to protectionist trade stance
“Trump already eschewed traditional trade agreements and in his previous term imposed tariffs on China that Democratic President Joe Biden has left in place. Now, Trump is promising to escalate the trade war with 60% tariffs on goods from China and a 10% global tariff — the kind of policies not seen since the Smoot-Hawley Tariff Act of 1930 and the Great Depression.”
[Bloomberg]
The winners from U.S.-China decoupling
“In fact, some emerging countries are fast positioning themselves to benefit as China and the West rewire their supply chains—for example, by serving as industrial and trade hubs between both sides or by playing one side against the other for investment support.”
[Foreign Policy]
Rising shipping costs strain global trade amid geopolitical unrest
“Prolonged disruptions could overwhelm shipping companies and further increase freight rates, as building new ships takes years and higher capacities cannot be achieved overnight.”
[Global Trade Magazine]
China to investigate if EU probes constitute trade barriers
“The enquiry will consider if Chinese firms inadvertently lost business in the 27-strong bloc's internal market due to Brussels carrying out various types of investigations.”
[Reuters]
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