šØ New episode šØ
š§ Listen: t.ly/QLEgA
WTO = irrelevant⦠or just misunderstood?
- #MC14 delivered little.
- Tariffs are back.
- And yet...global trade refuses to break.
Ft. Peter Foster - World Trade Editor @FT#TradeSplaining#ListenResponsibly
"A little-known Swiss trading company played a key role in the transit through the Strait of Hormuz of an oil supertanker whose stop-start journey captivated the oil market earlier this month."
cc: @megacontango@S_Elwardany@jfarchybloomberg.com/news/articles/ā¦
"Companies in at least 9 European countries bought carbon credits from projects that appear not to exist or were verified by an auditor-turned-developer who treated the two jobs as a revolving door."
cc: @petrasorge@ntashawhite@hellococomobloomberg.com/graphics/2026-ā¦
"The closure of the Strait of Hormuz has affected the Asian chemicals industry, with fertilizer and plastics plants slowing production or shutting down, except in China, which uses domestic coal as feedstock."
cc: @JavierBlasbloomberg.com/opinion/articlā¦
"The humanitarian relief system, decimated by cuts, faces a grave challenge as the Middle East war causes soaring costs for food, fuel and fertilizer."
cc: @petersgoodmannytimes.com/2026/05/18/businā¦
"Only Brazil exports more coffee than Switzerland. How did a small country, where the climate makes it impossible to grow coffee, become the worldās second-largest coffee exporter? It is a story that also has its dark chapters."
cc: @Raaflaubswissi1swissinfo.ch/eng/swiss-odditā¦
"Huawei Technologies said it has developed a workaround that will allow it to make chips on par with leading products manufactured by Intel and other top global companies by 2031."
cc: @hannahmiao_wsj.com/tech/huawei-says-it-ā¦
"A rally in technology giants drove stocks to all-time highs, overshadowing data showing a resurgence in inflation that fueled wagers the Federal Reserve will keep rates higher for longer."
bloomberg.com/news/articles/ā¦
"The food giant Calbee said shortages of naphtha, a crude-oil derivative used in inks, were forcing it to switch to black-and-white packaging for its salty products."
cc: @HernandezJaviernytimes.com/2026/05/12/worldā¦
Why are āļø getting more expensive?
In #TradeSplaining Ep 88, Marie Owens Thomsen of @IATA explains why airlines are facing a 2x energy crisis: oil prices refining pressure
Because airlines donāt fly on crude oil. They fly on jet fuel
š§ Listen here: t.ly/N_eaq
"Chinese exports of jet fuel, gasoline and diesel are languishing far below their levels before the Iran war despite Beijing signalling it would relax a ban."
cc: @edwardwhitenzft.com/content/cc08b35e-b80dā¦