Navigate uncertainty with Coface's global risk assessments covering more than 160 countries and 13 sectors.
#Economic publications
On July 20th, the White House announced new 50% U.S. tariffs on $20bn-worth of imports from Canada, representing approximately 5.2% of total Canadian exports to the United States, scheduled to enter into force on August 19, 2026.
#Economic publications
With the United States, Canada and Mexico having begun the formal review of the USMCA , the negotiations are set to be particularly tense. However, despite the growing differences between the three partners, a lasting reversal of North American economic integration remains unlikely, given how deeply entrenched industrial interdependencies have become.
#Economic publications
As the Middle East moves towards a fragile lull in hostilities, the economic shock caused by the conflict – supply chains perturbation, inflation - is already spreading to the global economy. Against this backdrop, Coface has carried out 8 country downgrades and 45 sector rating changes (41 downgrades, compared with just 4 upgrades).
#Economic publications
In an uncertain economic climate, companies in Latin America are tightening their credit terms to protect themselves, but without managing to stem the rise in payments delays. Nearly 8 in 10 companies are now facing payments delay, a rising figure, despite shorter payment terms. This dual trend illustrates the mounting cash flow pressures in the region, against a backdrop of high financing costs and fierce competition.
#Economic publications
Stablecoins now hold more U.S. Treasury bills than Germany, Japan, or China. What happens when digital dollars go mainstream? Our North America economist Marcos Carias explains what could go right, wrong, and everywhere in between.
Navigate uncertainty with Coface's global risk assessments covering more than 160 countries and 13 sectors.
#Economic publications
China has limited immediate supply disruption from Middle East tensions, supported by its energy mix and strategic reserves. The larger challenge is rising input costs, which are putting pressure on corporate margins.
#Economic publications
The trade war dominated economic headlines in 2025, and the pressure is far from easing. Tariff costs have landed largely on U.S. companies, while global trade has shown surprising resilience in the face of policy uncertainty and rising costs.
#Economic publications
While overall insolvency figures across Central and Eastern Europe stabilized overall in 2025, Coface’s latest CEE Insolvency Study reveals a far more fragmented reality, with sharp divergences between countries and sectors increasingly shaped by diverging macroeconomic conditions.
#Economic publications
The conflict in the Middle East and disruptions in the Strait of Hormuz have highlighted the fragility of the global maritime system. Against this backdrop, Arctic shipping routes are attracting renewed interest as climate change makes navigation more accessible. Coface’s analysis shows, however, that their commercial impact will remain limited over the next five years, although they could still offer meaningful benefits for certain commodity flows.
Navigate uncertainty with Coface's global risk assessments covering more than 160 countries and 13 sectors.
Dive into the world of global trade with Coface's Trade Talk podcast. Listen to conversations with trade experts as they examine current market dynamics and growth strategies.
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