Trade shocks fueled by unilateral tariffs between the U.S. and China have undone three to five years worth of growth among global value chains in affected countries, according to a UN policy brief.

Nearly 60% of European companies plan to expand their China operations in 2021, up from 51% last year, according to an annual survey.

The U.S. and European Union are aiming to build a broad coalition of Western democracies to challenge China’s hardball tactics in the economic sphere.

Shein is upending a $36 billion industry by using a seemingly ingenious combination of supply-chain savvy, data-driven clothing design and tax loopholes that came to the fore during the U.S. and in China trade war.

The costs are already being passed to consumers.

Around the world, from Bangladesh to Nepal to Rwanda, vulnerable hotspots have been grappling with stalled COVID-19 vaccination programs as they run out of doses. Many of those shortages can be traced back to a single company: The Serum Institute of India.

President Biden’s blueprint for the U.S. semiconductor industry marks an ambitious effort to set industrial policy for a critical sector of the economy, but the strategy will need more money and global support to take back chip supremacy and preempt a rival effort from China.

President Biden released a multi-pronged strategy to secure critical supply chains in products ranging from medicines to microchips, and is also weighing a potential trade probe that could result in U.S. tariffs on certain magnet imports.

EU leaders and President Biden will commit to ending outstanding trade battles when they meet next week and promise to remove tariffs related to a steel and aluminum conflict before the end of the year.