Happy New Year. While we wait on the Supreme Court to rule whether the Trump administration is entitled to apply tariffs on national security grounds, global trade grinds on. We at Trade Data Monitor are paying attention to what’s happening via the prism of official trade statistics. It’s a radically different world than when I started covering…
U.S. Market Collapsing For China
As Americans and Chinese officials scrambled to forge new politically acceptable trade terms, China reported a pandemic-level decline in exports to the U.S.
Chinese shipments to the U.S. fell 34.4% year-on-year in May to $28.8 billion, the steepest drop since Covid-19 upended global trade in February 2020. Chinese imports from…
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…
