The Roasted Root: Interest Rates and Global Trade in Turmoil The recent interest rate hike by the US Federal Reserve, followed closely by similar moves from the Hong Kong Monetary Authority and the Bank of Japan, has sent shockwaves through global markets.
The increase in interest rates is a response to concerns about inflation, but its implications for international trade are multifaceted.
Goldman Sachs has projected that Chinese firms will see a sharp rise in their global export share amidst growing instability in international trade.