As the global economy emerges from the shadows of a sluggish period marked by inflation and slow growth, we are witnessing a significant resurgence in global trade. This revival is being fueled by several key factors, including the stabilization of major economies, a reduction in inflation rates, and a boom in consumer and business activities, … Read more
The conflict in Ukraine, which escalated in 2022, has sent ripples throughout the global economy, reshaping international trade dynamics. As 2023 unfolds, it is crucial to understand how this conflict has influenced global trade patterns, economic growth, and geopolitical relationships. Global Trade Resilience Contrary to the direst predictions, global trade has shown remarkable resilience in … Read more
Argentina’s New Import Regulations The Argentinian government has recently imposed more restrictions on foreign trade, a move that has raised concerns among experts and industry professionals. A new resolution (26/2022) has been enacted, significantly increasing the number of items subject to non-automatic licenses (LNA) for importation, adding more permissions and bureaucracy for certain goods to … Read more
The first quarter of 2023 has seen a significant rebound in international trade, particularly in the G20 nations. This article delves into the latest statistics released by the Organisation for Economic Co-operation and Development (OECD), highlighting key trends and their potential implications for the global economy. G20 Merchandise Exports Witness a Rebound In Q1 2023, … Read more
Embracing Divergent Strategies: The Art of Woo and Economic Restrictions The current state of trade relations between the U.S. and China is a complex intertwining of contrasting strategies. On one hand, there is the employment of the ‘art of woo,’ characterized by diplomatic efforts aimed at maintaining a semblance of economic collaboration and cooperation. On … Read more
Trade relations between the United States and China have been a subject of global interest for several decades. The recent legislation on higher tariffs on Chinese imports, known as the ‘Raising Tariffs on Imports from China Act,’ introduced by Senator Josh Hawley, seeks to reduce the U.S. trade deficit. This article examines the implications of … Read more
Beating the Forecasts: An Unexpected Upswing The Malaysian economy has shown resilience and dynamism, with a reported increase in gross domestic product (GDP) of 5.6% in the first quarter of 2023. This impressive figure surpasses the 4.8% annual expansion previously predicted by analysts in a Reuters news agency poll. In comparison, the country had experienced … Read more
The potential move by Bolivia towards yuan-based international trade signifies a shift in Latin America’s economic relations, reflective of China’s expanding influence in the region. Embracing the Yuan: Bolivia’s New Trade Strategy Bolivian President Luis Arce, during a recent press conference, expressed a willingness to consider the Chinese yuan for international trade, following similar decisions … Read more
Misunderstanding the Trade Deficit The United States’ annual trade deficit is often misinterpreted as a sign of economic weakness. Critics typically attribute various economic problems to the deficit, yet it actually highlights America’s financial strength and global influence. The Claremont Institute’s recent essay, “Restoring American Manufacturing: A Practical Guide,” is an example of this misconception. … Read more