Global Scans · Trade · Weekly Summary

WHAT'S NEXT?: Global trade policies could be upended with a new President in the White House, Brexit, a potential break-up of the European Union and China reacting to these changes in profound ways.

• China & the US are entering a new stage of a trade war that has already included the government of China putting export controls on critical minerals among other threats for tariffs that have been issued by the incoming Trump administration. The Sunday Guardian Live
• Even if Singapore avoids US tariffs, the US-China trade war will elevate import prices globally, diminish global demand and reduce trade volumes, which in turn would hurt Singapore's gross domestic product growth. The Straits Times
• Foreign trade policy: Suppose the US decides to cut imports from India, demand for Indian rupees will fall. Compass by Rau's IAS
• Higher tariffs on China can create a significant opportunity for Indian exports especially in sectors where Beijing has previously been a dominant supplier. Economic Times
• The evolving relationship between the U.S. and India will play important role in shaping the future workforce. IASPOINT
• Russia's growing military strength-coordinated with other SCO members above all - and China's trade growth in mainland Asia will be the main counter-balances to the expansion of the OTS and the maintenance of Eurasia's geopolitical stability. Strategic Culture Foundation
• Higher prices at production level, coupled with high demand for aquatic foods, will stimulate an estimated 5% growth in the average price of internationally traded aquatic products by 2032 relative to 2022. Farmer's Weekly
• The EU, the US, China and Japan will be the world's primary importers, absorbing 50% of total imports for aquatic food consumption in 2032, compared with 52% in 2022. Farmer's Weekly
• The share of aquatic products exported over the total fisheries and aquaculture production will decline from 38% in 2022 to 34% (or 30%, if excluding intra-EU trade) in 2032. Farmer's Weekly
• Trade of aquatic products will continue to enhance the role of fisheries and aquaculture for economic development, world food supply and food security. Farmer's Weekly
• The risk of higher tariffs on Chinese exports to the U.S. once President-elect Donald Trump takes office and other limits on trade are other potential threats to the economy given China's growing reliance on exports to help drive growth. ABC News
• Any tariffs introduced by a Trump administration will heavily impact on Irish exports to the US, while Trump's preference for re-shoring will have implications for the large numbers of Irish based US production facilities exporting into the European Union. World Socialist Web Site
• The possibility of more protectionist policies by Donald Trump would benefit US businesses / industries and could lead to US trade war with China and other countries, could lead to higher US inflation and could slow down global trade and overall world economic / GDP growth. GMA News Online
• Adjustments in U.S. trade policies, specifically the increase in tariffs on Chinese imports under the Biden administration, led to significant disruptions in supply chains. AIR CARGO WEEK
• Through to 2027 we anticipate the global coal trade to experience a reversal of trend, initiated by China and India. IEA
• Qatar's threat to stop gas sales to the European Union if fined under a new law could set a precedent for other energy-exporting nations to resist stringent EU sustainability and reporting regulations. Emerging Market Skeptic
• Qatar's threat to stop EU gas sales over stringent EU sustainability and reporting regulations (aka the so-called Corporate Sustainability Due Diligence Directive) could set precedent for other energy-exporting nations. Emerging Market Skeptic
• Apple faces the risk of retaliatory tariffs if US President-elect Donald Trump delivers on his promise to slap tariffs of at least 10% on goods coming from China. Gadgets 360
• Emerging economies in Asia-Pacific and Latin America will present significant opportunities, fueled by industrialization and increasing agricultural exports. Credence Research
• Emerging economies in Asia-Pacific, Latin America, and the Middle East represent untapped potential, driven by rapid industrialization, infrastructure development, and increasing export activities. Credence Research
• Reducing the use of biomass power in a clean power system decreases net power exports by just under 10% (-7 GW) while, in both low-biomass, and the NESO 'Further Flex and Renewables' 2030 power systems, Great Britain becomes a net exporter. Industry Intelligence Inc.
• A low biomass system is desirable because it can lower bills, reduce UK reliance on volatile imports, and because imported biomass carries with it a risk of high emissions. Industry Intelligence Inc.
• Canada could offer firms some relief from a 25% surtax that is due to be imposed later this month on imports of Chinese steel and aluminum. Global News

Last updated: 02 January 2025