Global Trade

The Real Cost of Tariffs on US and World Economies (part 2).

Trump’s tariffs on China are seen as hasty moves aimed at rallying his supporters, rather than as a coherent strategy. Their reversal points to rising costs for American consumers and industry, potentially causing inflation. The approach has alienated international allies, risking the US’s economic credibility while China advances globally.

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The Real Cost of Tariffs on US and World Economies.

Trump’s tariffs are intended to protect U.S. industries but have led to significant economic repercussions, including inflation, recession, and stagflation. The tariffs impact U.S. GDP negatively and trigger retaliatory measures from other countries, disrupting global trade and supply chains, particularly affecting industries reliant on exports. The ongoing economic implications warrant close monitoring.

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WTO Downgrades Global Trade Forecast

The World Trade Organization downgraded its projection for trade growth this year to just 0.8 percent from 1.7 percent in April- due to inflation, high interest rates, China’s underwhelming recovery, a high U.S. dollar, and geopolitical tensions. The WTO’s outlook for 2024 remained relatively unchanged, …

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Eras of Globalization

Image: International Monetary Fund Charting Globalization’s Turn to Slowbalization After Global Financial Crisis  Trade openness increased after the Second World War, but has slowed following the global financial crisis The free flow of ideas, people, goods, services, and capital across national borders leads to greater economic integration. But globalization, the trend toward these things moving …

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Valuable Text on Trade

Manuel Suárez Mier* Here is a short chronicle of the magnificent new book by the eminent economist Anne Krueger. The most recent book by the great economist Anne Krueger, International Trade: What Everyone Needs to Know [1] has just been published, which is a feat …

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Canada Building The New Trade Empire

Canada is Quietly Building The Trading Empire Of The World. We live in a world where globalization and trade have become one of the most vital aspects in determining the power of a country’s economy.

The Next Global Superpowers

The Next Global Superpowers Are Racing For Future World Domination. When you think about the world’s superpowers, you probably think of countries like the United States and China. And that’s for a good reason, as these are ‘currently’ the world’s two largest and most important …

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World’s Top Exports 2019

The impact of Covid 19 in global trade has been severe both in sectors and regions. It is reasonable to expect a negative growth rate of between -14% and -17% for 2020. World’s Top Exports Report Card for Products and Countries June 23, 2020 by Daniel Workman …

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