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] Fastest-Growing Region: Europe is the fastest-growing region, projected to grow at a 15% CAGR through 2033, driven by the EU's efforts to reduce dependence on imported natural gas and accelerate building electrification. Persistence Market Research
• [New] The US-Israeli war with Iran has proved more consequential for global energy security, trade and international stability than initially anticipated, while the US military intervention in Venezuela challenged established principles of national sovereignty and international law. Modern Ghana
• [New] Allied air forces seeking affordable mass without proportional pilot casualty risk represent a high-growth export opportunity for manufacturers capable of delivering certified autonomous wingman platforms at sub-US$ 20 million unit economics. Persistence Market Research
• [New] We expect China to continue gaining share, especially because of persistent trade frictions between Beijing and Washington, which favor alternative suppliers such as Brazil. valorinternational
• [New] For the first time in the history of Brazilian foreign trade, in 2026 two products, soybeans and crude oil, could each exceed $50 billion in exports and will be competing with each other to become Brazil's largest export, a position that should go to oil. valorinternational
• [New] XP expects oil export prices to rise 22% in 2026, alongside a 7% increase in volumes, taking oil exports to $58 billion this year. valorinternational
• [New] The upward revisions largely reflect stronger-than-expected exports, led by a solid soybean harvest that could produce record export volumes and by higher oil prices amid the war in the Middle East. valorinternational
• [New] Arctic routing will capture 8-12% of Asia-Europe trade by end of 2026, rising to 20-30% by 2028 as infrastructure develops. TheFinanceBulletins Media Group
• [New] The new US tariffs are expected to have a major impact on Canada's economy. Al Jazeera
• [New] Canada will impose tariffs on US steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, along with some products the US previously targeted in Canada. Al Jazeera
• [New] Every crisis that threatens one of the world's maritime choke points strengthens the case for diversifying trade routes, reducing dependence on maritime trade by shifting much of the journey over land enroute to Europe. Technocracy News
• [New] Tariffs are expected to create wider performance gaps in global growth, reinforcing U.S. exceptionalism. J.P. MORGAN
• [New] Asia Pacific is projected to register the fastest CAGR, driven by expanding manufacturing output and rising intra-regional trade volume. Persistence Market Research
• [New] Regional interconnection reduces dependence on imported fossil fuels and improves resilience against global fuel price volatility and geopolitical supply disruptions. Ember
• [New] An interconnected ASEAN by 2035 will unlock a highly efficient renewable energy system, with cross-border trade exceeding 120 TWh annually. Ember
• [New] Currently, Viet Nam plans to build a subsea cable to export offshore wind to Singapore, while Cambodia also plans to export 1 GW of renewable energy to Singapore. Ember
• [New] Lao PDR can export around 24 TWh of electricity by 2035, including over 8 TWh to Thailand and around 5 TWh to Viet Nam. Ember
• [New] President Lee Jae Myung has made Arctic shipping a priority, with officials saying it could help transform the southeastern port of Busan into a global maritime hub and position the Arctic as a regular trade route by 2030. Insurance Journal
• [New] Canadian officials resumed trade talks with the United States ahead of a Saturday deadline that could trigger 50% tariffs on $20 billion in Canadian exports. The Atlantic
• [New] US export controls (EAR, ITAR, OFAC) and Vietnamese import restrictions create three categories of restricted or prohibited items requiring specific attention before you plan to export to Vietnam. Trade Globe Consultants
• [New] In the context of increasing global trade, evolving consumer expectations, climate-linked risks, and rapid technological advancements, food safety is now a critical pillar of public health, economic growth, and global competitiveness. CII FSQR@20 Summit 2026
• [New] Recent announcements of 100% (later 200%) tariffs on generics from 2028 onwards pose a significant risk to foreign suppliers and to patients. Coface

Last updated: 27 August 2026