China Council for the Promotion of International Trade: Global Economic and Trade Friction Index rose further in April

Data released by the China Council for the Promotion of International Trade on the 27th showed that the global economic and trade friction index in April was 131, further rising. The amount involved in global economic and trade friction measures increased by 37.6% year-on-year and 16% month-on-month.

Wang Linjie, spokesperson of the China Council for the Promotion of International Trade, said that on April 2, the US government implemented "reciprocal tariffs" on the grounds of problems such as trade deficits and non-tariff barriers, and the multiple restrictions imposed that month were the main reasons for the continued rise of the global economic and trade friction index in April. Among them, the global import and export tariff measures index increased by 89 points year-on-year, and the import and export tariff measures index related to China increased by 131 points year-on-year. The United States' global economic and trade friction index increased by 65 points year-on-year that month, the import and export tariff measures index increased by 199 points year-on-year, and the import and export tariff measures index related to China increased by 200 points year-on-year.

From the perspective of country index, among the 20 countries (regions) within the monitoring range, the United States, Japan and India rank in the top three in the global economic and trade friction index. The United States has the largest amount of global economic and trade friction measures, ranking first for 10 consecutive months.

From the perspective of industry index, among the 13 major industries within the monitoring scope, the conflict points of economic and trade friction measures focus on electronics, transportation equipment, light industry, chemicals, machinery and equipment, medicine, non-ferrous metals and agriculture, among which the electronics industry's economic and trade friction index ranks first.

From the perspective of sub-index, 20 countries (regions) within the monitoring scope issued a total of 105 import and export tariff measures, an increase of 483% year-on-year and 250% month-on-month; 24 import and export restrictions were issued, an increase of 60% year-on-year and 50% month-on-month. In addition, 22 trade relief investigations were initiated, 96 notifications for technical barriers to trade (TBT) and sanitation and plant sanitation measures (SPS) were submitted to the WTO, and 157 other restrictive measures were issued. Among them, the import and export tariff measures index ranked first, mainly due to the influence of US tariff measures. At the same time, the unilateral measures of the United States also have a broken window effect, and the number of restrictions taken by various countries has increased significantly. Among them, the number of import and export tariffs, import and export restrictions and other restrictive measures issued by the EU increased by 79.3% month-on-month and 8.3% year-on-year; the number of relevant import and export restrictions issued by Canada and India increased by 100% year-on-year, and the global economic and trade frictions were significantly intensified.

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