Our Scans · Global Trade · Weekly Summary

• [New] The US-China strategic competition remains a looming risk to affect global trade. Coface
• [New] The risks remain visible today: the Middle East conflict has left dozens of container ships stranded near the Strait of Hormuz, delaying shipments of food, fuel and vehicles and highlighting how quickly geopolitical shocks can ripple through global trade. Dare, HEC Media Hub
• [New] Current and prospective trade partnerships have, at their core, the free flow of data, which will doubtless be a key consideration of the prospective UK-GCC Free Trade Agreement (FTA) that could be a landmark of 2026. City AM
• [New] If there's a hard cap on China tariffs, it could be a welcome source of certainty, regardless of justification. American Enterprise Institute - AEI
• [New] President Trump has announced 50% tariffs on an assortment of Canadian goods going into the United States starting possibly on August the 19th. Grain Farmers of Ontario
• [New] The African Continental Free Trade Area is harmonizing automotive tariffs, which could lead to a unified EV credit system across Africa by 2028. Tianjin Yigang Automobile Sales Co.,Ltd.
• [New] Resumed Middle East hostilities, increasing tariffs, and the artificial intelligence buildout suggest upside risks to inflation, creating problems for the Fed and hinting at tightening in 2026. Morningstar, Inc.
• [New] The Section 301 tariffs and the Section 338 tariff on Canada will raise an additional $648 billion from 2026 through 2035. Tax Foundation
• [New] The temporary 10% Section 122 tariffs will raise $22 billion in 2026,. / USA Tax Foundation
• [New] The Section 232 tariffs will increase US federal tax revenue by $942 billion from 2026 through 2035. Tax Foundation
• [New] Before accounting for any foreign retaliation, the Section 232 tariffs, Section 301 tariffs, and Section 338 tariff on Canada will reduce long-run US GDP by 0.4%. Tax Foundation
• [New] Section 232 tariffs, Section 301 tariffs, and Section 338 tariff on Canada, will increase taxes per US household by $900 in 2026. Tax Foundation
• [New] North America is expected to account for 91% of installed global on-site power generation capacity, thanks to a combination of grid delays, federal tax incentives and an established domestic supply chain. Rystad Energy
• [New] The downside scenario involves a breakdown of Iran deal negotiations, a further escalation of trade barriers, or an unexpected geopolitical shock - any of which could trigger a sharp risk-off episode. UCapital24 Media
• [New] Semiconductor and hardware companies with significant China exposure face ongoing tariff and supply chain risks, while cybersecurity and defense-adjacent technology firms are benefiting from increased government and corporate security spending driven directly by geopolitical threat perceptions. UCapital24 Media
• [New] External pressures, including global trade tensions, the Middle East conflict, and more restrictive US immigration policies, could hinder exports and reduce the influx of remittances. ReinsuranceNe.ws
• Japan, together with the G7 and other like-minded countries, will further promote the World Bank Group's Resilient and Inclusive Supply chain Enhancement Partnership and cooperate with other MDBs such as the Asian Development Bank (ADB) and the Inter-American Development Bank (IDB). Prime Minister's Office of Japan
• America's growth is under a double threat: trade policy with imminent tariffs which are already pressuring consumer sentiment, and fiscal policy, with potential recessionary impact from cuts in government spending. Emirates NBD
• With growing emphasis from the U.S. government and industry on port supply chain resilience and security, Korea-U.S. shipbuilding cooperation through the MASGA project is expected to continue expanding. Cision PR Newswire
• The European Chips Act is further accelerating semiconductor investments aimed at expanding Europe's share in global semiconductor production by 2030, which is expected to strengthen local DSP manufacturing and reduce supply chain dependence on Asian suppliers. Persistence Market Research

Last updated: 03 August 2026