All articles tagged with #trade diversion
Despite sanctions, Russia continues to import Michelin aviation tyres through intermediaries, including a UK-based firm, with ongoing shipments worth millions of dollars, raising concerns about compliance and diversion risks, although Michelin asserts it is committed to sanctions compliance and has strengthened controls.
Mexico's decision to impose tariffs on Chinese and Asian imports marks a significant shift in global trade, aligning with Trump's trade strategy to block China's export surges and reshape the international trading system into a more balanced and fairer order, encouraging other countries like Europe to follow suit.
Chinese exports to the US have declined significantly due to tariffs, prompting rerouting through Southeast Asia, especially Vietnam, and shifts in global supply chains, with increased trade to regions like India, the UAE, and Europe as manufacturers adapt to trade restrictions.