trade

The trade war threatens to cut his wings in full takeoff

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The aeronautical sector It is emerging as one of the great victims by the Commercial War between the United States and China. At Growing tariff barriers imposed by both powers now adds Beijing’s alleged attempt to block the delivery of new Boeing aircraft in its territory. The information, Posted by Bloomberg earlier this weekalso points out that Chinese airlines will not be able to acquire equipment or pieces related to aviation to US suppliers. When a scenario like this is raised, it is easy to think that the closure of doors to Boeing and other American manufacturers can translate into an opportunity for firms such as Airbus or Comac. And, in part, it is. However, it is convenient to clarify: while Airbus’s main challenge is to increase its production capacity, in the case of Cabel the difficulties are deeper. The United States, in fact, could dynamite its most ambitious project overnight. As? Let’s look at the details. A plane with too many pieces borrowed In recent years we have seen how China has managed to make a decisive leap in multiple industries. One of the most obvious examples we have in front of our eyes: the automobile sector. For a long time, Chinese cars dragged a questionable reputation and a little competitive offer. Today the situation is very different. Something similar could be happening in commercial aviation. Although Airbus and Boeing continue to lead with slack, Cabe has been trying for years A hole in that historic duopoly. One of the key pieces in this important objective is the Comac C919a plane designed and assembled in China with an eye on competing directly with the Boeing 737 Max and the Airbus A320. With capacity for between 158 and 192 passengers and autonomy that ranges between 4,075 and 5,555 kilometers, its current deployment is still limited. However, if we attend to the growth rate of the Asian giant, everything indicates that it is a matter of time that the C919 is also consolidated outside its origin borders. But the project drags, at least for now, an Achilles heel that often goes unnoticed: a deep dependence on American technology. That’s how it is. The pride of Chinese aviation, the most ambitious development of its entire history in this sector, works thanks to key components manufactured by a rival country. For years, these pieces have crossed the ocean without major obstacles. But a block could hit the very heart of the Chinese dream of having its own regional reference plane. So what pieces are we talking about exactly? To understand it, it is convenient to go to Leeham News and Analysis worka specialized firm that has been closely following the ins and outs of the aerospace sector. Flight data recorders – General Electric (United States). Meteorological radar – Rockwell Collins (United States). Communications and Navigation Systems – Honeywell (United States). Antihielo Ala – Liebherr (Germany) system. Aluminum components for fuselage – Arconic (United States). Motors – CFM International, a joint venture between GE (United States) and Safran (France). Thrust investors – Safran (France). Fuel System – Parker (United States). Fire detection – Kidde (United Kingdom). Wheels and brakes – Honeywell (United States). Tires – Michelin (France). Landing train – Liebherr (Germany). Cola y Alas – Aviation Industry Corporation of China (Avic) (China). Just check the previous list to measure the blow that would mean the lack of any US component in the C919 assembly chain. Leeham News and Analysis already warns that the trade war threatens the project. In the same line is Ron Epstein, Bank of America analyst, who declared Reuters: “If China stop buying aeronautical components from the United States, the C919 program will stop or die” The current situation and future perspectives In recent days, the commercial war has intensified with rapid and unpredictable movements. And the truth is that half the world – individuals, companies, governments – still tries to understand how far their effects come. If we focus on the order of the Chinese government on aeronautical components, everything indicates that, for now, it affects only airlines. That would leave manufacturers such as Comac with margin to continue buying the pieces that need the United States. At least for the moment. However, The 125% retaliation tariff (that, added to the previous 20 % in the fentanyl case, leaves the invoice at 145 %) governs for imports from the United States. That includes engines, plane or brakes that Comac buys for their C919. The practical result is that each US component would cost me almost twice and a half its original pricea scenario hardly aware of any manufacturer who aspires to maintain the viability of your business. It is time to wait to see what all this flows. If the barriers imposed by both powers will fall and the trade will be reactivated. But there is also another scenario: that the United States imposes export controls on key components for Chinese aviation. He already did it with the Nvidia chips to stop his advance in artificial intelligence. This situation could reinforce China’s bet to develop your own key technology, although it still has a long way ahead. Images | Comac In Xataka | Before panic for US tariffs there are technological ones doing something uncommon: product collection

The secrets of the port of Shanghai, the colossus of international trade where automation reigns

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Check out around you. The screen you are looking at, the clothes you wear or even your coffee maker have probably crossed the ocean in a container before reaching you. It is not a simple random assumption. About 80% of the goods travel by boat, which makes maritime transport into the backbone of the World Trade. Without this machinery running precisely, getting many of the things we use every day would be little less than an odyssey. A key piece of this system is the sea ports. We are talking about the nerve centers that not only receive and dispatch millions of containers a year, but also coordinate a millimeter logistics that allows goods to circulate fluently between continents. It is no secret that this world is in constant movement, but there is a title that has not changed hands for a long time: the port of Shanghai has been the most active in the world for 14 years. The port of Shanghai is also a port megaciudad After a long time, In 2024 the port of Shanghai became In the first in the world to handle more than 50 million teu in a single year. And when we talk about TEU, we refer to the standard container unit of 20 feet (6.1 meters) long. This port did not begin its rise to the throne yesterday. One of his first great achievements occurred in 1994, when he first exceeded the million TEU. Since then, its performance has grown exponentially, multiplying by 50 in three decades. There is no doubt that this reality is directly related to China’s industrial muscle, which has established itself as The greatest manufacturing power in the worldand with the spirit of the Asian giant for developing ambitious works. The port of Shanghai has not stopped evolving during the last decades. Automated terminals have gained ground to improve efficiency and security drastically. Less people work and everything becomes much faster. The port has completely automated terminals where tasks such as goods discharge, stacking and output are controlled by the “brain” of the management system. Sun Jinyu, one of the leaders of the Shangdong terminal, had in 2021 that The cranes needed about 108 operators in the past, but automation had allowed the same tasks With only 7 operators. And, because of that was not enough, most of the work was done through remote operation. But an impressive infrastructure would not be enough without strategic ties. The port of Shanghai began to handle containers in the 1970s and it was not until 1978 that he opened his first international route, one that joined China with Australia. At present, it is linked to almost 350 international routes, connecting more than 700 ports in more than 200 countries and regions of the world. Internal level, it also has 22 ports distributed by various Chinese provinces, consolidating its role as a key node in global trade. Images | Shanghai International Port (1, 23) | Reb42 In Xataka | Chinese submarines are authentic crickets: a new generation promises to change the rules of the game

Temu and Shein are already being overcome by the next Chinese trade giant: Tiktok

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Tiktok has achieved in just one year what seemed impossible: to overcome sales to Shein and Temu in the US market, consolidating itself as the new power of Chinese electronic commerce, according to reports Bloomberg Citing Second Measure data, its transactional analytical tool. Their sales fired 153% in January, compared to the modest compared 26% of Shein and 28% of Temu. Between the lines. Tiktok Shop is taking more market to Shein that a Temu. In purchases greater than 25 dollars it has earned 16 quota points, while in the lower only 7. That is, it is having more success by selling medium -price products than Chollitos. The threat. This ascent can be seen truncated by several fronts: The contrast. While Tiktok Shop accelerates, its Chinese competitors suffer: In perspective. With 170 million monthly active users in the US, Tiktok has shown that its ability to monetize its user base goes beyond advertising. He has managed to turn his domain into entertainment into a powerful sales machine that even threatens Amazon. → The really disruptive of Tiktok Shop is not its meteoric growth, but how it has completely blurred the line between entertainment and trade. → No sells products, sells instantaneous wishes packaged in viral videos. And that, in the face of consumer behavior, is more powerful than any discount. In Xataka | China has been cutting its technology for years. Xi Jiping has just opened the door for that to change Outstanding image | Solen Feyissa in Unspash

Online trade was supposed to end the shopping centers. Reality has been just the opposite

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The combination of online trade boom and the Platforms of Ecommerceadded to The misgivings that came from the US and THE MAZAZO The pandemic made the shopping centers face a particular (and threatening) ‘storm’. There was even talk of “Apocalypse of retail“. That is left behind. Or at least this is suggested by the figures that handle the commercial areas of Spain. In addition to grow in sales and activitythey have become an appetizing candy in the eyes of investors, one that moves hundreds of millions of euros in transactions. And there is a round data that demonstrates it: 1,000 million. Complicated years. Pandemia hit enough sectors and business models. And shopping centers They were no exception. Between health restrictions and changes in consumption habits, during the worst years of COVID-19 its managers suffered a Influence collapse of customers and a collapse in Sales. As in other industries, although in the case of large surfaces that scenario was added to another more structural cariz threat: the competition of the Ecommerce and platforms such as Aliexpress. Was who wondered If the shopping centers would have a future in a world in which trade and entertainment changed driven by Amazon or Netflix. In the US they even coined the term “Apocalypse of retail“. From there a fear expanded that He arrived in Europe (and Spain) despite some experts They warned Already at that time that the sector was different here from the American, with an average density of commercial areas lower than that of the US market. From ugly duckling to swan. That scenario seems to be behind. The salmon press carry months suggesting itbut the most forceful test left it a few days ago A chronicle of Five days in which a significant fact is provided: 2025 has started with five operations of sale of shopping centers from Spain to the point of caramel and adding, together, around one billion euros. The data is interesting for its volume. But also because it shows that, despite the catastrophic scenario that was painted years ago, when there was talk of the “apocalypse of the retail“And the threat of electronic commerce, shopping centers continue to interest investors. As suggests The chronicle of Five days, The data suggests that the old “real estate duckling” will become swan. What operations are? These five operations on track and in which relevant news is expected during the first half of the year are starred in centers distributed by the country. The Economic newspaper speaks of Mediterranean space (Cartagena), Corridor Park (Torrejón de Ardoz), the 50% of the capital from Madrid Xanadú (Aroyomolinos), Bonaire (Aldaya) and Alcalá Magna (Alcalá de Henares). Each case has its peculiar, route and actors, but share a common denominator that says a lot from the sector: they all point to draft operations, for high amounts, nine digits. Its sum would in fact around the one billion. And the most curious thing is that the figure does not seem to respond to a specific interest in shopping centers. The AECC data They show that in 2024 there was already progress in relevant transfer and investments for more than 900 million. The key: profitability. It is not surprising that 2025 start with such a scenario. The operations of the shopping centers are moving investmentthe sector It has managed to grow both in billing and in traffic throughout the last year and appraisals – after the scenario that was lived in 2022 and 2023 – are attractive enough to awaken the appetite of investors. The economic return they aspire is also tempting. Five days Precisethat transactions are closing to a profitability between 7 and 8%, which exceeds other assets, such as offices Prime or the house for rent. “The commercial centers market is at an optimal time. Investors are aware that assets offer a ratio between very attractive risk and profitability and we are facing a window of limited opportunity to benefit from these conditions,” He pointed in 2024 Augusto Lobo, Capital Director Markets Retail de Jll Spain. “Again at the radar”. In July the financial firm BNP Paribas Real Estate launched A similar message When talking about Spain. “The shopping centers are again in the radar of investors,” he summed up in Your balance July after remembering that during “a long period” the activity in the sector retail He had focused on other types of premises, such as commercial miles (High Street) or food. The keys to change: good sales and influx figures and “profitability that begin to be attractive.” Throughout the last months they have been published Several balances that They reflectIn fact, shopping centers have thrown out of the sector retailagglutinating a good part of your investment. “In the years before the pandemic it seemed that the segment of physical stores was falling and that the Ecommerce I was going to monopolize the sector as a whole. However, it has been shown that the sector retailIt is very resilient and still has a lot to offer “, Cristina Macarrón commentsfrom Castilana Properties, to Five days. In 2025, with good mouth taste. The shopping centers have started 2025 with a good foot for another reason, beyond the millionaire transactions in the trees: despite the most pessimistic predictions of the “apocalypse of the retail“, In Spain, large surfaces are gaining traffic and billing, a trend that probably also influences investors’ prospects. The last Cushman & Wakefield data They show that sales on these surfaces grew 3.5% in 2024, an increase very similar to that registered in the influx of customers, which was 3.4%. Another positive percentage for the sector is the occupation of commercial spaces, which has reached 95.4% of the GLA, the gross alleged surface. They are good data, especially if one takes into account that in 2023 the sector (commercial centers and parks) had already raised its sales by 9.6% year -on -year, with 52,051 million eurosachieving its historical maximum. Images | Intu xanadú and Welovebarcelona.de (Unsplash) In Xataka | A 109 -meter … Read more

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