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Trade shifting from multilateralism to smaller groups

Location:

INT

The WTO meeting may struggle to reach agreement on fishing and farming, let alone on dispute resolution or digital trade

Taiwan will be at pains to retain diplomatic allies

Location:

TAIWAN

Taipei has lost diplomatic ally Nauru to Beijing and relations with Tuvalu were uncertain following recent elections

Tourism to Japan will increase

Location:

JAPAN

Depreciation of the yen has contributed to a post-pandemic surge in tourism to Japan

Chinese-made electric cars will attract Western wrath

Location:

INT

Chinese-manufactured BEVs are cheaper than Western models, accounting for nearly 10% of EU sales and 50% of imports

US/EU economic performance and policies will diverge

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INT

US interest-rate expectations have moved from several cuts to perhaps even none, while an ECB cut remains likely in June

US container traffic must overcome challenges to rise

Location:

UNITED STATES

Last month’s collapse of a bridge in Baltimore, blocking access to its harbour, has focused attention on container ports

Economy will be top priority for Pakistan’s government

Location:

PAKISTAN

Over a month after the general election, a new cabinet is in place

Global spending needs will undermine austerity call

Location:

INT

The IMF urges “decisive fiscal consolidation” to guard public budgets and rebuild buffers, but spending needs will rise