Drug manufacturers are trying to massively scale up production, which will require companies to share information and governments to make financial investments.
Fewer options means less competition and less incentive to control costs.
Transaction volumes in China surged by an incredible 430% when factories reopened at the end of February.
WTO expects global trade to sink by at least 13% this year; oil demand are down 50% year-on-year; economists expect 25% decline in U.S. GDP in Q2.
Cargo flows face worst hit in a century but have potential to bounce back fast.
“China has continued to embrace a state-led, mercantilist approach to the economy and trade, despite WTO members’ expectations,” the Office of the U.S. Trade Representative said in its annual report to Congress.
Brian Aoaeh explores unforeseen shocks to global supply chains and global commerce.
Airbus warned that tariff increase on European aircraft would result in “more instability for U.S. airlines that are already suffering from a shortage of aircraft.”
The Office of the U.S. Trade Representative said the trade dispute settlement body has overstepped its function and makes “erroneous interpretations” of World Trade Organization agreements.
Darren Prokop writes about international trade and the World Trade Organization. Are disputes among member countries being handled correctly?
