Nearly two years after the pandemic shut down the global economy, policymakers are facing a new challenge as global supply chain bottlenecks push up inflation and hamper economic growth. How countries confront these disruptions will have a big impact on economic growth in the coming year. We expect ... READ MORE >
china trade
China’s economic power: You may not like it, but you cannot ignore it
The pandemic, infrastructure and climate change policies will likely take precedence over trade in the Biden administration’s near-term agenda, but the new president’s trade positions will also be a key area of focus as the United States works toward economic recovery. China’s importance in global trade ... READ MORE >
Container crunch pushes shipping rates to record highs
Surging demand for Asian imports and a shortage of containers are congesting U.S. ports, causing headaches for companies importing from Asia, skyrocketing shipping rates and surging purchase prices for containers. Another result? The previously humble shipping container is now a star of the ... READ MORE >
What’s the latest in U.S.-China trade?
China recently signed a regional trade agreement – the Regional Comprehensive Economic Partnership (RCEP) – with 14 other Asia-Pacific countries. Touted as the world’s largest regional free trade agreement, it includes countries that make up 30% of the world’s gross domestic product. But it does not ... READ MORE >
For apparel industry, optimism over China trade deal gives way to concerns over virus outbreak
When middle market fashion and apparel leaders weighed moving production from China after the onset of tariffs in the second half of 2019, a global virus outbreak probably wasn’t part of the equation. Nonetheless, companies that elected to keep sourcing from China are faced with a new wave of ... READ MORE >