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China Council for the Promotion of International Trade: Global Trade Friction Index Hits 126 in March, Remaining Elevated
04 Jun 2025
China Council for the Promotion of International Trade: Global Trade Friction Index Hits 126 in March, Remaining Elevated
Keywords
On May 30, the China Council for the Promotion of International Trade (CCPIT) held its regular monthly press conference. During the event, CCPIT spokesperson Zhao Ping released the Global Trade Friction Index for March.
Zhao stated that the composite Global Trade Friction Index reached 126 in March, indicating a persistently high level of trade tensions worldwide. The total value of global trade friction measures increased by 26.1% year-on-year and surged by 152.3% month-on-month.
Country-Specific Index
Among the 20 monitored countries and regions, the United States and India topped the rankings in terms of global trade friction. The U.S. recorded the highest value of trade friction measures, maintaining the top position for nine consecutive months.
Industry-Specific Index
Of the 13 key industries tracked, the focal points of trade frictions were concentrated in transportation equipment, electronics, light industry, chemicals, machinery, non-ferrous metals, and pharmaceuticals. The transportation equipment sector recorded the highest trade friction index among all industries.
Sub-Index Breakdown
The 20 monitored countries and regions introduced a wide range of trade-related measures in March, including:
1) 30 import and export tariff actions
2) 50 trade remedy investigations
3) 165 notifications to the WTO regarding Technical Barriers to Trade (TBT) and Sanitary and Phytosanitary (SPS) measures
4) 16 import and export restrictions
5) 170 other restrictive measures
Among these categories, tariff-related measures registered the highest sub-index score.
China-Related Trade Frictions
Trade friction involving China also remained high. A total of 19 countries and regions recorded a China-related Trade Friction Index of 171, an increase of 19 points from the previous month. The United States recorded the highest China-related index during the period.
The total value of China-related trade friction measures rose by 77.6% year-on-year and 50.6% month-on-month. Industry-wise, the electronics, light industry, machinery, transportation equipment, textiles, chemicals, and pharmaceuticals sectors were most impacted by trade measures targeting China.
U.S. Measures in Q1 2025
It is worth noting that in the first quarter of 2025, the United States issued the most tariffs, export controls, and sanctions. These included:
1) Tariffs on imported automobiles citing national security concerns
2) Tariffs related to the fentanyl issue, declared under a state of emergency
3) So-called secondary tariffs on oil imports from countries such as Venezuela and Iran
These actions have significantly disrupted global trade flows and posed serious challenges to the stability of global supply chains.
Disclaimer: Blooming reserves the right of final explanation and
revision for all the information.