TREE NEWS reports: China’s Council for the Promotion of International Trade said the global trade friction index stood at 101 in July 2026, remaining at a high level. The value of trade measures involved fell 18.7% year-on-year and 2.2% month-on-month, as US, EU and Indian tariff moves a year earlier had pushed the index up. Trade remedy investigations worldwide dropped to 17 in July from 68 in June.
China trade council: July global trade friction index stays elevated at 101
The headline number masks a sharp turn: trade remedy investigations collapsing from 68 to 17 in a single month suggests the tariff wave that lifted this index is receding, and the year-on-year drop in the value of measures involved points the same way. The index staying above 100 is largely a base effect from last year's US, EU and Indian actions rather than fresh friction. For cross-border and RWA-facing businesses, the open question is whether this cooling is a durable pause or a lull before a new round of measures.
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