Here are the latest trade-related stories as of May 7, 2025, along with accompanying visuals:
📈 Global Trade Developments
1. UK Business Activity Declines Amid Tariff Pressures
In April 2025, the UK experienced its first drop in business activity in 17 months, primarily due to the services sector contracting under the weight of global tariffs introduced by former President Donald Trump. The S&P Global UK Services PMI fell to 49.0, indicating contraction. Concurrently, the US trade deficit reached a record $140.5 billion in March, driven by businesses importing goods ahead of anticipated tariffs.
2. Chinese Exporters Circumvent US Tariffs
Chinese exporters are reportedly rerouting goods through countries like Malaysia to obtain new certificates of origin, a practice termed "place-of-origin washing," to evade US tariffs of up to 145%. This tactic has raised concerns among US trade partners and neighboring Asian countries about becoming unintended intermediaries.
3. Prospects of US-China Trade Talks Renewed
Global equity markets rallied recently due to renewed hopes of easing US-China trade tensions. China's commerce ministry acknowledged messages from Washington expressing a desire to restart trade discussions, signaling a potential shift in the ongoing trade dynamics.
🤝 Bilateral Trade Agreements
4. UK and India Finalize Major Trade Deal
📸 Visual Highlights
Binance's Trade Stories Campaign:
Warrior Trading's 2021 Chart Analysis:
The Independent's Trade Coverage: A collection of images accompanying articles on trade developments, including discussions on UK-US relations and global tariff impacts.
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