Trade scholars in a recent paper used Trade Data Monitor data on steel and aluminum trade to gauge the impact of 2018-2019 protectionist measures on U.S. and European Union imports.
The paper by Simon Evenett and Fernando Martin, published by the Center for European Policy Research, found that because the U.S. and European Union…
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…
The Covid-19 pandemic has cast a pall over clothing retail markets in the U.S. and Europe. With iconic firms like Brooks Brothers and JC Penney battling bankruptcy, Asian textile manufacturers have lost billions of dollars in orders.
That’s hit Bangladesh’s garment sector, the world’s second largest, particularly hard. The country is heavily dependent on the…
