Global trade friction index rose in July
The China Council for the Promotion of International Trade held a regular press conference on the 28th to release data showing that due to the US adjustment of tariff policies, global economic and trade frictions heated up again in July. The global economic and trade friction index rose from 92 in June to 110, at a high level; the amount involved in global economic and trade friction measures in July increased by 6.6% year-on-year and 27.6% month-on-month.
During the same period, among the 20 countries (regions) within the monitoring range, the United States, the European Union and Brazil ranked in the top three in the global economic and trade friction index. Among them, the United States has the largest amount of global economic and trade friction measures, ranking first for 13 consecutive months.
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