Global Trade Data Shows Early Signs of ‘Reglobalization’
The global trading system is undergoing tectonic shifts spurred by shortages, price spikes and shipping disruptions that will reorient international supply chains for decades to come.May 8, 2023
Maersk Sees Global Trade Contracting as Much as 2.5% in 2023
A.P. Moller-Maersk A/S said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.
Fresh Fragility in Global Trade Set to Be Revealed in 2023
Since 2020, a pandemic-fueled supply crunch, Russia’s war with Ukraine, and a deepening rift in the U.S.-China trade relationship have hammered home the idea that the world needs more resilient trade networks.January 3, 2023
Global Trade Surges to $32 Trillion Record in 2022, U.N. Says
The value of global trade is set to reach a new record this year, increasing by about 12% to an estimated $32 trillion, according to a U.N. report that signaled a slowdown heading into 2023.December 13, 2022
Trade Panel’s Resolution on Car Content Rules in Favor of Mexico, Canada Over US
A trade dispute resolution panel sided with Mexico and Canada over the U.S. on rules for cars shipped across regional borders, potentially giving more incentive to make auto parts in those nations.December 8, 2022
Biden Hits Russia With Sanctions, Says Putin ‘Chose’ War
President Joe Biden ordered broad new sanctions targeting Russia on Feb. 24 after its invasion of Ukraine, declaring that Russian leader Vladimir Putin “chose this war” and his country will bear the consequences.February 24, 2022
Export Boom Drives Canada’s Largest Trade Surplus Since 2014
Canada’s trade sector unexpectedly recorded its largest surplus in more than six years on across-the-board increases in exports.
Barr Says US Overly Reliant on Chinese Goods, Services
The United States has become overly reliant on Chinese goods and services, including face masks, medical gowns and other protective equipment designed to curb the spread of the coronavirus, Attorney General William Barr said July 16.
US Signals China Trade Talks in Final, Hardest Steps to a Deal
President Donald Trump’s administration signaled talks with China over the first phase of a broad trade agreement are entering the final stages when the most contentious and complex issues are debated, with no guarantee that another breakdown will be averted.November 15, 2019
European Central Bank Deploys New Stimulus to Help Economy
FRANKFURT, Germany — The European Central Bank delivered a new blast of monetary stimulus Sept. 12 to help the shaky economy in the face of uncertainties such as the U.S.-China trade conflict and Brexit.