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…
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…
A recent Financial Times article, based on data supplied by Trade Data Monitor, detailed the increase in Turkish exports of military-linked goods to Russia in the first nine months of 2023. This has magnified U.S. concerns over the trade of 45 "high-profile" items subject to export controls and heightened tensions with NATO partners.
The FT…
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…
China in October dramatically increased imports of fossil fuels, industrial metals and agricultural commodities, a run on raw materials that if sustained will have a major impact on prices and supply chains.
China continued to increase its ferocious energy consumption, hiking imports of natural gas 120.1% year-on-year to 8.8 million tons, coal 23.3% to 36…
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…
