May 13, 2020

Startups are transforming global trade in the COVID-19 era

Featuring Anja Manuel

Source: TechCrunch

Journalist Scott Bade

Global trade watchers breathed a sigh of relief on January 15, 2020.

After two years of threats, tariffs and tweets, there was finally a truce in the trade war between the U.S. and China. The agreement signed by President Trump and Chinese Vice Premier Liu He in the Oval Office didn’t resolve all trade tensions and maintained most of the $360 billion in tariffs the administration had put on Chinese goods. But for the first time in months, it looked like manufacturers, importers and shippers could start to put two difficult years behind them.

Then came COVID-19, at first a local disruption in Wuhan, China. Then it spread throughout Hubei province, causing havoc in a concentric circle that eventually engulfed the rest of China, where industrial production fell by more than 13.5% in the first two months of the year. When the virus spread everywhere, chaos ensued: Factories shuttered. Borders closed. Supply chains crumbled.

Read the full article and more in TechCrunch.

Authors

  • Anja Manuel

    Adjunct Senior Fellow, Technology and National Security Program

    Anja Manuel is a Senior Adjunct Fellow with the Technology and National Security Program at the Center for a New American Security (CNAS). Former diplomat, author, and advisor...