The combination of US tariff barriers and Hormuz-driven shipping reroutes has added weeks to delivery times and billions in freight costs, with global goods trade in Q1 2026 recording its sharpest quarterly contraction since the pandemic.
Tag: trade
Posted inGeopolitics
Trump and Xi open Beijing summit on trade, Taiwan, and the Strait
The two leaders agreed to pursue a ‘constructive China-US relationship of strategic stability’ on the first day of a two-day state visit, with the Strait of Hormuz, Taiwan, and rare earths all on the table alongside tariffs.