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Brief: China's Manufacturing Sector Retreats After U.S. Import Rush

Brief: China's Manufacturing Sector Retreats After U.S. Import Rush

China's official NBS manufacturing purchasing managers' index (PMI) and the Caixin China General Manufacturing PMI showed Chinese manufacturing activity contracted in May as demand for consumer goods exports collapsed after importers' 2H24/1Q25 race against tariffs.

Brief: U.S. Manufacturing Activity Hits Second-Highest in 35 Months

Brief: U.S. Manufacturing Activity Hits Second-Highest in 35 Months

Tariff-related concerns about global industrial activity eased with today’s flash manufacturing PMI prints for May, which showed improving business activity for the U.S., India, and the collective Euro Area.

Brief: Domestic Industrial Demand Signals

Brief: Domestic Industrial Demand Signals

April manufacturing sector activity and March trade data put focus on distillate consumption

ES #131: China's Tariff Retaliation Taps Critical Mineral Leverage

ES #131: China's Tariff Retaliation Taps Critical Mineral Leverage

China responds to President Trump's reciprocal tariffs with a combination of retaliatory levies and export restrictions on critical minerals like rare earth magnets

Brief: U.S. Imports Hold At Record High in February

Brief: U.S. Imports Hold At Record High in February

U.S. trade deficit narrows to the second-largest on record as imports hold flat at $401.1 billion and exports increase 2.9% M/M to $278.5 billion

Brief: Reciprocal Tariff Key Takeaways

Brief: Reciprocal Tariff Key Takeaways

Immediate takeaways from President Trump's April 2 reciprocal tariff announcements

Brief: Industrials Signal Near-Term Caution

Brief: Industrials Signal Near-Term Caution

March U.S. ISM manufacturing activity surveys show sector activity contracted after just two months of >50 readings. Subindices for new orders, employment, and supply chain prices reflect near-term tariff concerns

ES #130: The Strategic Case for Greenland

ES #130: The Strategic Case for Greenland

Why the Trump administration's Greenland interest extends far beyond untapped critical minerals

ES #129: The DRC & Outsourced Energy Security

ES #129: The DRC & Outsourced Energy Security

M23 rebels captured new territory in mineral-rich provinces in the Democratic Republic of Congo, the source of over 70% of global cobalt production and 10% of global copper supplies.

Brief: U.S. Energy Exports & Extended Red Sea Diversions

Brief: U.S. Energy Exports & Extended Red Sea Diversions

U.S. strikes on Yemen's Houthis rekindle Red Sea transit risks. Satellite tracking data shows the effects of the Houthi's protracted Red Sea attacks. Meanwhile, easing drought conditions are evident Atlantic-Pacific transits through the Panama Canal.

ES #125: The Strategic Relevance of Ukrainian Minerals

ES #125: The Strategic Relevance of Ukrainian Minerals

A closer look at Ukraine's energy and other mineral resources as the US proposes a mineral revenue-sharing agreement in a potential US-brokered deal to end the Russia-Ukraine war.

ES #124: Easing Trade Disruptions vs. Tariffs

ES #124: Easing Trade Disruptions vs. Tariffs

The inertia of 2024's geopolitical and weather-driven supply chain disruptions slows, setting the stage for emerging trade disputes between the US and major exporters