John Miller, Author at Trade Data Monitor

Chinese Demand Falters as Imports Decline

Uncategorized1 day ago26Views 0Likes 0Comments

Trade in a Time of Geopolitical Adjustment The focus of the global trade world is, rightly, on President-elect Donald Trump and the U.S. debating and deciding how far they’ll go in enacting new protectionist measures. But an issue that could upend geopolitics -- with unintended consequences that will affect big issues like war and peace,…

Trump Election Gooses Trade– Before Tariffs Hit

UncategorizedNovember 7, 2024220Views 0Likes 0Comments

This week’s election of Donald Trump as the U.S.’s 47th president is almost certainly likely to lead to another trade war with China, and further tariffs on American imports. During the campaign, Trump said his favorite word was tariff and floated a universal 10% tariff and specific duties on Chinese imports as high as 60%.…

China Finally Affected by Protectionist Tariffs

UncategorizedOctober 23, 2024292Views 0Likes 0Comments

September Rain China posted lackluster trade figures in September, highlighting how it might become slowly less reliant on global commerce as other major economies retrench. Chinese exports increased 2.4% year-on-year, below economists’ expectations of around 6%, to $303.7 billion, while imports increased only 0.3% to $222 billon. The 2024 Boom For most of 2024, Chinese…

It’s a Good Summer for Trade But China Ag Imports Fell In July

UncategorizedAugust 12, 2024691Views 0Likes 0Comments

During a summer that’s been a boon for free trade despite a looming escalation in trade wars, and the possibility of a second Trump administration, China’s agricultural imports dropped 4.9% year-on-year in July to $17.8 billion. The trend reflects China’s regulatory practices, strategic protectionism, and shifting demographics. China has blocked some U.S. beef imports because of…

China Hikes Metal Exports Amid Record Surplus

UncategorizedJuly 15, 2024947Views 0Likes 0Comments

As the business world girds for a fresh wave of trade protectionism and the possibility of a second Trump administration, China bumped up exports of two essential metals. In June, its shipments of steel products increased 20.8% year-on-year by quantity to 8.7 million tons and 3.8% by value to $6.8 billion. Its shipments of unwrought…

How Tariffs Are Reshuffling EV Trade

UncategorizedJuly 11, 2024897Views 0Likes 0Comments

Age of the EV We’re entering the age of the electric vehicle, and global trade is keeping pace. Around 20% of all cars bought in the world in 2023, a total of almost 14 million, were electric, and there are now 40 million on the road, according to the International Energy Agency. Total trade in…

China’s EV Export Boom is Driving up Demand for RoRo Ships

UncategorizedApril 15, 2024824Views 0Likes 0Comments

China’s electric car export boom has fueled demand in the country for automobile transport ships, driving up prices for foreign buyers. Overall, in March, Chinese ship exports fell 5.9% year-on-year by quantity in March to 399, after steadily rising for most of this decade. By value, they increased 34% to $3.1 billion. So called Roll-on/roll-off,…

China Reboots Trade Thanks to Africa, India, Latin America

UncategorizedMarch 11, 20241KViews 0Likes 0Comments

Don’t let anybody tell you that globalization is dying—at least, not yet. Global trade economists obsess over consumer demand and rising protectionism in the U.S. and Europe, but this week’s release of Chinese trade statistics shows that other markets might soon be catching up in relevance. The Promise of Other Markets China’s exports to Latin…

Vietnam’s Secret Weapon: Agriculture

UncategorizedMarch 1, 20241KViews 0Likes 0Comments

In a tricky global economy, Vietnamese exports shrank in 2023, but the rising economic power managed to be one of the only countries to increase merchandise exports to China, thanks to a surprising surge in exports of fruits and vegetables, as well as rice, demonstrating the importance of export diversification. The Difficulties of 2023 The country of…

What’s Behind the High-Tech Trade Slump?

UncategorizedFebruary 16, 2024867Views 0Likes 0Comments

It’s not been an easy time for international trade, as a recent report co-authored by Trade Data Monitor and the World Intellectual Property Organization found. High-tech exports are set to decline by 4 percent in 2023, according to the TDM/WIPO analysis. Global and high-tech trade have soared and sunk like rollercoasters since 2019. After…

The Future of EU-China Trade

UncategorizedDecember 21, 20231KViews 0Likes 0Comments

As European Union leaders gathered in Beijing Thursday, one of their demands for China was a more equal trading relationship. “China is the EU’s most important trading partner,” said EU Commission President Ursula von der Leyen. “But there are clear imbalances and differences that we must address.” Europe’s weak consumer economy is doing its part…

Trade Data Monitor’s Top 10 Trade Trends Going Into 2024

UncategorizedDecember 20, 20232KViews 0Likes 0Comments

It’s not an easy time for global trade--the roughly $25 trillion piece of the $105 trillion world economy. Protectionism is roaring in the U.S. and Europe, causing geopolitical tension with China. Inflation across most of the world has shrunk consumers’ wallets and imports, while deflation in China is also scaring businesses. Asian supply chains are…

China’s New Place in Global Trade: Number 1 Importer of Food&Ag

UncategorizedJune 12, 20231KViews 0Likes 0Comments

As expected, China reported lackluster trade numbers this week, signaling a possible recession in the U.S. and more trouble for the global economy. Chinese exports fell for the first time in three months, dropping 7.5% year-on-year to $283.5 billion. Imports dropped 4.5% to $217.7 billion. The World Bank this week said that the global economy…