John Miller, Author at Trade Data Monitor

Trump Election Gooses Trade– Before Tariffs Hit

UncategorizedNovember 7, 202496Views 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, 2024166Views 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…

50 U.S. States Have 50 Trade Economies

UncategorizedSeptember 24, 2024394Views 0Likes 0Comments

The politics of trade in the U.S. have gotten complicated during this century, mainly because deindustrialization in the Rust Belt has cost so many factories and jobs. The free trade consensus of the 1990s that led to NAFTA and China joining the World Trade Organization in 2001 is dead. But it shouldn’t be lost on…

Don’t Overlook Germany’s Trade Economy

UncategorizedSeptember 19, 2024533Views 0Likes 0Comments

The conversation about global trade often leaves out the world’s fourth biggest economy and third top exporter and importer, but Germany is poised to play an even bigger role this decade as China and the U.S. remain locked in a trade war. In August, Chinese exports to Germany jumped a whopping 21.5% to $10.1 billion.…

How Tariffs Are Reshuffling EV Trade

UncategorizedJuly 11, 2024840Views 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…

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, 2024816Views 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…