How Friendshoring Is Rewriting Global Supply Chains
Trade within blocs is growing faster than trade between them — a measured fragmentation whose costs land first on the countries being routed around.
Valentina Sokolov · June 14, 2026
Coverage of economics used as statecraft: tariffs, export controls, sanctions, investment screening and industrial subsidy programs, alongside the customs and shipping data showing where trade actually moved. Written for trade lawyers, supply chain planners, sovereign analysts and researchers of international political economy.
Trade within blocs is growing faster than trade between them — a measured fragmentation whose costs land first on the countries being routed around.
Valentina Sokolov · June 14, 2026
China refines roughly 90 percent of the world's rare earths, and since 2023 it has learned to squeeze that funnel a valve at a time.
Valentina Sokolov · May 11, 2026
CBAM is Europe's answer to carbon leakage: importers pay the carbon price domestic producers pay — and 2026 is the first year with real invoices.
Gabriela Montoya · May 8, 2026
The Appellate Body has been paralyzed since 2019 — the world's trade court still runs first instance, and workarounds patch what appeals used to.
Gabriela Montoya · April 14, 2026
Six central banks have kept standing dollar swap lines open since October 31, 2013. The mechanism is two transactions, one exchange rate, and a credit risk that never crosses the border.
Gabriela Montoya · March 4, 2026