The CPB World Trade Monitor shows that global trade volumes for 2019 fell by 0.4%. The first drop since 2009 can be attributed to the U.S.-China trade war and Germany’s industrial slump. The COVID-19 outbreak may exacerbate the trend. @fergalobRead here:
In a major new white paper, Vietnam has begun signaling that it could abandon a long-standing foreign policy strategy of hedging between major powers like China and the U.S. and move more definitively into Washington’s orbit, @WPReview reports.