International trade and markets reacted swiftly to the two-week ceasefire agreed by the US and Iran on 7 April. In anticipation of the Strait of Hormuz reopening and energy supplies being able to pass through the shipping route once more, oil fell below $100 a barrel and backlogged ships carrying oil and other essential exports prepared to depart.
In turbulent times, trade adapts and keeps the world going, benefiting consumers and strengthening economies. Trade is once again under pressure amid growing political polarization, economic uncertainty and rising protectionism. Trade facilitation is key to helping trade to adapt by removing the unnecessary obstacles that slow down legitimate flows.
India and the European Union have agreed a free trade deal, which creates the world's largest free trade zone.
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The value of global trade has only been magnified by recent turmoil, according to this chief economist, and globalisation will likely thrive as it takes on new forms and patterns.
US-China reach a fragile trade truce with tariff cuts and renewed talks, but deep structural tensions and strategic rivalry continue to cloud the outlook.
From tariff shocks to South-South trade gains, here are the must-read trade stories from 2025.
Top trade stories this month: Trump says US and China trade deal 'done'; ASEAN's ambitious economic strategy; US and UK finalise trade deal.
A new trade initiative and platform launching this week aims to make global commerce digital and frictionless – potentially creating unlocking $10 trillion in new trade value
Here's why the India-EU trade pact is the 'mother of all deals'
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Fox Business: A breakdown of the trade links of Trump’s latest tariff targets