The death knell of globalization and free trade has been sounded over the past several years as nations have imposed tariffs and embraced industrial policies to protect vital industries. For the past five decades, the economics of efficiency has dominated the trade and financial framework. The logic ... READ MORE >
global trade
Friend-shoring and a new era of U.S. trade
The era of hyper-globalization ended with the trade war that began in 2017. In its place, global trade flows have fragmented to the point that by November 2022, U.S. trade with Mexico and Canada had surpassed China. In addition, as political risk has increased around the world, including the recent ... READ MORE >
How attacks on ships in the Red Sea are affecting trade
The deteriorating situation in the Red Sea poses risks to the global economy as supply chains are disrupted and prices are pushed higher. Geopolitical tensions have now spread into the Eastern Mediterranean and the Indian Ocean, underscoring the fragmentation of global trade relationships and ... READ MORE >
Carbon pricing—in the spotlight at COP26—could mean big shifts for global trade
Conversations last week at the United Nations Climate Change Conference, known as COP26, made clear that increases in carbon prices and in the adoption of carbon pricing programs are critical to reduce carbon emissions to keep the global temperature increase under 2 degrees Celsius. Though long touted ... READ MORE >
3 things to know this week in energy: Suez Canal blockage, oil field deals, carbon pricing
This past week’s blockage of the Suez Canal registered briefly in the oil market before the ship was freed, several high-profile oil field deals are expected soon, and the Supreme Court of Canada recently ruled carbon pricing constitutional. Biweekly, we round up news and analysis about three things ... READ MORE >
CHART OF THE DAY: Unexpected risk and a blocked Suez Canal
Just when we thought everything was gonna be all right – global vaccinations are on the rise along with forecasts for the global economy – a shortage of microchips threatens the automobile industry and a container ship gets stuck in the Suez Canal, threatening the global supply chain. It’s always ... 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 >