Global trade recovery may have already peaked, suggests WTO
Although global trade fared better in 2020 than expected, the World Trade Organisation (WTO) reckons ...
The South China Morning Post has published a decent analysis of China-US trade relations – currently at an all-time low. Now being called the new cold war, tensions between the two are mounting, although China could decide to wait out the current US administration – should Trump be ousted in November. But it has stepped up its purchases of US goods, easing the trade deficit in May – although it has only bought 45% of the amount of goods required by the deal in the first five months of the year. Worth a read.
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