The Global Economic and Trade Friction Index declined MoM in May

Published: Jul 31, 2025 11:30

Save

[Global Economic and Trade Friction Index Dropped 37.8% MoM in May]

On the morning of July 31, the China Council for the Promotion of International Trade (CCPIT) held a press conference to release the Global Economic and Trade Friction Index for May. Data showed that the index dropped 37.8% MoM in May. From the perspective of the composite index, the Global Economic and Trade Friction Index for May was 105, fluctuating at highs. Affected by comprehensive factors such as the US's suspension of some tariff hike measures, global economic and trade friction measures have eased, with the amount involved decreasing by 13% YoY and 37.8% MoM.

From the perspective of national indices, among the 20 countries (regions) under monitoring, the EU, India, and the US ranked top three in the Global Economic and Trade Friction Index. The US had the highest amount involved in global economic and trade friction measures, ranking first for 11 consecutive months. The tariff measures, trade remedy measures, and import and export restriction measures issued by the US all ranked first, being the main driver behind the sustained highs of the Global Economic and Trade Friction Index.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 hours ago

[SMM Analysis] The Loose Market Pattern Remained Unchanged, and Grain-Oriented Silicon Steel Prices May Temporarily Hold Steady Next Week

[Loose Pattern Unchanged, GO Silicon Steel Prices Expected to Remain Stable Next Week] Currently, demand in the downstream transformer industry is clearly diverging. Orders for high-end projects such as ultra-high voltage and data center supporting facilities remain stable, underpinning demand for high-grade Hi-B silicon steel. However, orders for ordinary distribution transformers are sluggish, with demand for mid-to-low-grade resources remaining persistently weak. Most transformer enterprises maintain strategies of just-in-time procurement and low inventory operations, resulting in limited market purchasing enthusiasm. The supply side exhibits structural looseness, with ample circulating resources of ordinary CGO grain-oriented silicon steel in the market. Some small and medium-sized traders are offering slight price concessions to accelerate capital turnover. Meanwhile, high-end grade resources such as high magnetic induction and ultra-thin specifications remain tight, with top-tier enterprises holding firm on their quoted prices.

17 hours ago

18 hours ago

Yanzhou Coal Energy Goes Global Again: Subsidiary Yancoal Australia Plans to Acquire 80% Interest in Kestrel Coal Mine for $2.4 Billion to Expand Global Coking Coal Portfolio

18 hours ago

19 hours ago

[SMM Steel] ArcelorMittal Dofasco shuts No.3 coke plant in Hamilton

[SMM Steel] ArcelorMittal Dofasco completed the shutdown of its No. 3 coke plant in Hamilton on April 13, 2026, as part of its decarbonization roadmap. The closure is expected to reduce emissions such as benzene and benzo(a)pyrene. The company will continue operations at its No. 2 coke plant, while affected employees have been reassigned internally.

19 hours ago