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China Council for the Promotion of International Trade: Global Trade Friction Index Remained Elevated in February
29 Apr 2025
China Council for the Promotion of International Trade: Global Trade Friction Index Remained Elevated in February
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On April 28, the China Council for the Promotion of International Trade (CCPIT) released the Global Trade Friction Index for February 2025, reporting a composite score of 106, indicating a persistently high level of global trade tensions. The total value of trade-related friction measures fell 19.9% year-on-year and 2% month-on-month.
According to Zhao Ping, spokesperson for CCPIT, the country-specific index shows that the United States, the European Union, and South Africa recorded the highest levels of trade friction among the 20 monitored countries and regions.
From an industry perspective, the five most affected sectors were electronics, light industry, transportation equipment, non-ferrous metals, and machinery, all of which saw elevated trade friction activity.
Breaking down the sub-indices:
1) The 20 monitored countries and regions implemented 47 tariff measures,
2) Initiated 12 trade remedy investigations,
3) Submitted 130 notifications to the WTO under Technical Barriers to Trade (TBT) and Sanitary and Phytosanitary (SPS) measures,
4) Imposed 28 import/export restrictions,
5) And issued 198 other restrictive measures.
6) Among these, tariff measures accounted for the highest index value.
Zhao noted that the United States has become the most significant variable driving global trade frictions. It accounted for the highest value of trade friction measures for eight consecutive months and topped the list in terms of unilateral restrictions - including tariffs, controls, and sanctions - for the past two months.
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revision for all the information.