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Global trade contracted for the first time since the financial crisis in 2019

Trade hit a dubious benchmark in 2019. For the first time since the financial crisis, trade volumes fell.

The world’s biggest shipping company warns that the global trade slump is probably here to stay in 2020

Maersk is seen as a bellwether for global trade, given that it handles about 20% of all consumer goods shipped.
A Maersk shipping container.

The world’s biggest shipping company just put up a red flag that the trade war is crushing the global economy

'So far, US importers have shifted imports away from China to other countries such as Vietnam, Korea, Thailand, India and Mexico,' Maersk said.

‘We’ve only just begun to fall’: A closely watched economic bellwether is looking bleak

Data released Friday confirmed that the month of February saw Korean overseas sales drop 11.1%. This marked the sharpest decline since April 2016.
South Korean data acts as an early warning sign for trouble ahead.

A data point known as a canary in the coal mine for the global economy just fell off a cliff, and it’s a troubling sign of how bad things are in...

Exports from South Korea dropped 14.6% in the first 20 days of 2019 versus the same period last year, according to data released Monday morning.

Chinese tech giant Huawei reportedly has a secretive research lab at its headquarters nicknamed the ‘White House’

Bloomberg got an inside look at Huawei's campus in China in the wake of the arrest of the tech company's chief financial officer.
US President Donald Trump with China's President Xi Jinping

Trump’s trade war with China shows no sign of slowing down, and it might be about to get even worse

President Donald Trump's latest round of tariffs on $200 billion worth of Chinese goods indicates that the trade war with China isn't slowing down anytime soon. And given recent threats from both sides, the trade war is only likely to get worse.
Peter Navarro.

Trump’s economic team is coming undone at a critical moment

The free trade and protectionist wings of President Donald Tump's economic team appear to be in open battle against each other. The fight comes at a critical juncture for US trade policy.
President Donald Trump

Trump’s new trade idea may be a bigger mistake than tariffs

President Donald Trump wants to impose quotas on six key trade allies instead of steel and aluminum tariffs. But trade experts say quota systems can increase corruption, hurt the economy, and violate international trade rules — and that they may, in fact, be worse than tariffs.
Donald Trump

Trump may have ‘a method to his madness’ by teasing a trade war — but it could still end in chaos

President Trump won some small victories on trade over the past few weeks, but his strategy may not work for long according to economists.