supply chains

The summit between President Donald Trump and Chinese president Xi Jinping last week was closely watched around the world, particularly in Moscow, where Russian president Vladimir Putin may have seen signs that improving relations between Washington and Beijing could gradually reduce Russia’s global influence.

While the meeting focused publicly on trade, technology, Iran and Taiwan, the broader geopolitical significance may lie in the possibility that the United States and China are attempting to stabilize one of the world’s most important relationships after years of growing tension.

For Russia, that could create new challenges. [Read more…] about Trump’s China diplomacy could weaken Russia’s influence

As tensions between the United States and China continue reshaping the global economy, economists and policymakers are increasingly focusing on a new concept that could define the next era of international trade: “friendshoring”.

Rather than bringing manufacturing fully back home, countries and multinational corporations may instead shift production and investment toward politically friendly nations.

A new analysis published by The Conversation argues that friendshoring may allow globalization to continue in a different form, even as trade between the world’s two largest economies becomes more strained. [Read more…] about ‘Friendshoring’ could become the next phase of globalization