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Trade News
Trade News
06
Apr
Blog | Widening global current account imbalances are best addressed by simultaneous domestic policy adjustments. Industrial policy and tariffs offer a costly fix with unreliable effects on imbalances.
Global current account imbalances are widening again, reversing a decade of steady decline following the global financial crisis. History suggests a clear risk: widening imbalances have often been accompanied by concentrated and lower-quality growth, triggered sectoral dislocations across trading partners, and preceded financial crises or abrupt reversals of capital flows. With the...
02
Apr
In brief
What happened?
Despite extensive negotiations at the World Trade Organization’s (WTO) 14th Ministerial Conference (MC14) held in Cameroon between 26-30 March 2026, Members failed to reach agreement on extending the moratorium on customs duties on electronic transmissions. The moratorium has now expired, as of 30 March 2026. The moratorium had been in place since 1998, preventing WTO Members from imposing customs duties on digitally delivered products such as software, audiovisual content, and other electronic transmissions. In parallel, 66 WTO...
01
Apr
Key insights
IEEPA tariffs have been ruled unlawful and collections have stopped, but the broader tariff environment remains fluid as replacement tariffs and new trade actions emerge.
Refunds are expected, but they won’t be automatic — importers must take affirmative steps in CBP’s ACE system (including electronic refund setup) to receive payment.
Companies should plan for related interest, accounting/tax impacts, and potential downstream or transfer‑pricing analysis.
Tariffs have been a major cost — and headache — for importers since they were...
01
Apr
The Iran Conflict, Tariff Uncertainty, and Geopolitics Continue to Impact Supply Chains All Over – When Will It End?
Global Ports
The Headlines: The ongoing conflict with Iran and its impact on shipping through the Strait of Hormuz and the Red Sea are an obvious challenge for the region. And the disruptions have quickly spread globally, up and down supply chains, creating immediate delays at Asian ports (particularly China and India). Getting less attention is the tension over control of ports outside...
30
Mar
The Cyber Resilience Act (CRA) is one of the most important new cybersecurity regulations affecting companies that sell or import technology products into the European Union.
For businesses exporting goods to the EU, the Cyber Resilience Act (CRA) introduces mandatory cybersecurity requirements for a wide range of digital products. Companies that fail to comply could face restricted market access, penalties, or product recalls. If your business manufactures, imports, or distributes products with digital components, understanding the CRA is critical to...
30
Mar
Energy prices, supply chains, and financial markets are the main transmission channels, but the regional effects will vary significantly.
The world faces yet another shock. The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises.
The shock is global, yet asymmetric. Energy importers are more exposed than exporters, poorer countries more than richer...
30
Mar
Understanding the impact of tariffs on inflation is a complex task as it involves analysing responses along the pricing chain, including those by foreign exporters, distributors, producers and retailers. At different stages of this pricing chain, domestic firms could respond to tariff announcements by building up inventories before tariffs are implemented, shifting the sourcing of their imports from countries facing higher tariffs to countries facing lower tariffs (trade diversion) and adjusting the pricing of their products to accommodate the impact...
30
Mar
In this week’s Roar: The latest from the Strait of Hormuz, extended delays across Asian ports, the FMC denies a request, China-Europe Railway Express volumes jump, and the impacts of losing the de minimis rule.
After weeks of disruption, the Strait of Hormuz has apparently reopened to “non-hostile” ships, which has eased some of the pressure on oil prices and global supply chains. Extreme political rhetoric aside, with vessel tracking via GPS unreliable and the “shadow fleet” operating in the region, it’s...