Global Scans · Trade · Weekly Summary

WHAT'S NEXT?: Global trade policies could be upended with a new President in the White House, Brexit, a potential break-up of the European Union and China reacting to these changes in profound ways.

• [New] Instead of one dominant global currency, the world could drift toward a patchwork of competing blocs: a dollar-led West, a yuan-centered Asia, and a BRICS trade zone increasingly fluent in local currencies. JD Supra
• [New] For the world, Beijing's next plan will likely mean both opportunity and challenge: continued dominance in clean energy technologies and AI, but growing fragmentation of global trade and technology systems. The Business Standard
• [New] In expanding export rules on rare earths, Beijing for the first time announced it will require foreign firms to obtain approval from the Chinese government to export magnets containing even tiny amounts of China-originated rare earth materials or produced with Chinese technology. Economic Times
• [New] Last week, Trump renewed threats of triple digit tariffs on Chinese imports, after Beijing hinted it would place greater controls on exports of rare earth minerals. Deutsche Welle
• [New] Trade Representative plans to start implementing fees on Chinese built vessels in October ($2 million per voyage), adding more uncertainty in U.S.-China ethane trade. EIA - Energy Information Administration
• [New] A trade dispute over Chinese-owned chipmaker Nexperia threatens to disrupt US and European automotive production in a matter of weeks. Automotive World
• [New] Companies that once treated China as the irreplaceable factory of the world are now spreading their risks across what trade analysts call a China + 1 or even China + N model. Eurasia Review
• [New] Washington could force allies to hit China with their own trade restrictions, denying exporters the ability to offset reduced shipments to the U.S. and further isolating China from advanced economies. Fortune
• [New] The US president has hit back by threatening 100% tariffs on all products from China but it's clear Beijing's chokehold on rare minerals will be its key bargaining chip in the upcoming trade talks with Washington. The Week
• [New] While there is no official launch date announced yet, insiders and experts suggest that in 2025-26 BRICS Currency should be launched because ongoing issue on US Nation for their increasing debt on their nation cause dollar downfall and BRICS will be the next trade currency. CWB Hindi News - Latest Hindi News & Government Schemes
• [New] BRICS could be the next Common Trade Settlement currency that could challenge the dominance of US Dollar in global trade. CWB Hindi News - Latest Hindi News & Government Schemes
• [New] President Donald Trump's tariffs will cost global businesses upward of $1.2 trillion in 2025, with most of the cost being passed onto consumers. CNBC
• [New] The EU plans to raise steel import tariffs to 50% from 25% and reduce quota volumes by nearly half to 18.35 million tons, aligning with US rates to counter Chinese overcapacity. Emirates NBD Research
• [New] Donald Trump's new tariffs threaten cross-border trade - and U.S. automakers are already moving production south. HoweStreet
• [New] Extreme Fear and Greed Index swings and Trump's tariffs create uncertainty, complicating crypto's path to broader adoption. Ainvest
• [New] The Bank of Canada will have to be humble in its return to formal economic forecasting as trade uncertainty continues to swirl. Yahoo Finance Canada
• [New] While there may be an increase in manufacturing jobs, removing the United States from global trade is going to hurt suppliers and possibly shrink overall automotive employment. The Autopian
• Premier Wen's dialog with Prime Minister Manmohan Singh will address obstacles blocking a future China-India free-trade agreement in addition to the simmering dispute over the 90,000-square-kilometer territory of Arunachal Pradesh, which is currently under Indian control and claimed by China. Hudson Institute
• U.S. President Donald Trump's threat of additional 100% tariffs on Chinese imports has sounded alarm bells among retail and trade experts, who caution it could lead to more price increases and squeeze demand. SeafoodNews

Last updated: 23 October 2025