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By Dave Graham DAVOS, Switzerland, Jan 22 (Reuters) - President Donald Trump's use of tariffs as a foreign policy tool added fresh impetus in Davos this week to efforts to boost global trade beyond the U.
A new year brings new developments in trade. Four CFR experts highlight the trade policies they will be monitoring this year.
China had its biggest trade surplus ever last year at almost $1.2 trillion, according to data released Wednesday, defying tariffs President Donald Trump has imposed on the world’s second-largest economy as it sends more exports to other parts of the world.
The move by the European Parliament delays a push by the bloc to find new trading partners, as President Trump has threatened escalating U.S. tariffs.
Today, globalisation is being pushed in the opposite direction. Ask for the reason, and many fingers will point at increases in tariffs. It is, however, standards, not tariffs, that are doing most of the pushing—and are the bigger threat to globalisation.
China has reported its trade surplus surged to a record of almost $1.2 trillion last year as exports to other countries made up for slowing shipments to the United States under President Donald Trump