China has Underestimated Europe's Pushback China underestimates Europe’s willingness and ability to push back. Chinese commentators often caricature Europe as weak and US-led, overlooking growing European concerns about economic dependence, security (notably over Ukraine), and unfair trade/practice issues. Recent incidents—chipmaker…
USMCA Overview and Key Issues at Stake The 2026 joint review of the United States–Mexico–Canada Agreement (USMCA) has shifted from a routine assessment into a high‑stakes negotiation driven by U.S. protectionist measures under the Trump administration, which has used tariffs…
Impact of Chinese Structural Weaknesses and Export Reliance China’s record goods trade surplus — over $1 trillion in the first 11 months of the year — underscores the scale and effectiveness of its industrial strategy (from rare earths to EVs…
US Pressures Mexico to Close Chinese 'Backdoor' to USMCA Mexico announced a plan to raise import tariffs on automobiles and other goods from countries without free-trade agreements (notably China) to the maximum WTO-allowed levels. The measures—affecting about $52 billion of…
EU Planning Counter Measures if No Deal The European Union and the US are moving towards an agreement on tariffs, with a proposed 15% tariff on imports as a baseline. The EU is prepared to accept this level for various…
Strategic Trade Deal between the US and Japan On July 22, the United States and Japan announced a trade deal after several months of negotiations. The agreement marked a significant diplomatic achievement for Japan, addressing major U.S. demands on investment…
Tariff Windfall Due to Weak Position of US Trade Partners America's trading partners have largely refrained from retaliating against President Donald Trump's sweeping tariffs, allowing the US to raise nearly $50 billion in extra customs revenues with minimal reciprocal impact…
FED Official Worried about Tariffs on Inflation Rate The June Federal Open Market Committee (FOMC) meeting minutes revealed concerns among US Federal Reserve officials that President Trump's tariffs could have persistent inflationary effects, despite initially causing a one-time price increase…
ASEAN: Caught betweeen US and China Six ASEAN countries — Indonesia, Thailand, Malaysia, Cambodia, Laos, and Myanmar — face steep U.S. tariffs starting August 1 due to accusations of goods being transshipped from China to evade tariffs. Vietnam secured a…
EU – US Trade Deal Progress US President Donald Trump initially threatened to impose 50% tariffs on European Union imports starting June 1, 2024, due to stalled trade negotiations. However, after a phone call with European Commission President Ursula von…
Get the Free
Macro Newsletter!
Macro Insights
