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#Economic publications
The United States has replaced its temporary tariffs with new tariffs of between 10% and 12.5% targeting 60 countries, which account for 99% of its imports of goods. This development illustrates Washington’s determination to maintain its tariff strategy whilst preparing for possible new measures.
Coface’s APAC Payment Survey 2026 reveals that 73% of Japanese firms report being affected by payment delays from customers in the last 12 months. Payment discipline appears to be deteriorating in the country, with more firms seeing worsening payment delays, both in terms of severity and frequency, than improvements. As part of an annual study to understand the payment behaviours and risks among businesses, Coface surveyed 2,800 finance professionals across multiple sectors and 10 Asia-Pacific (APAC) markets, including 252 respondents in Japan.
#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
The global business climate is deteriorating at an accelerating pace: business insolvencies surged by 12% in early 2026, driven by North America (+22%). Against a backdrop of geopolitical tensions and mounting cost pressures, Coface now forecasts a 6% rise in insolvencies worldwide for 2026.
Navigate uncertainty with Coface's global risk assessments for 160 countries and 13 sectors.
#Economic publications
The compromise reached on 20 May between the Council of the European Union and the European Parliament on the texts ratifying the Turnberry Agreement marks a new stage in trade relations between Brussels and Washington. But behind the appearance of a transatlantic thaw, the agreement primarily reflects a risk management approach: the aim is to avoid a new surge in US protectionism whilst retaining the means to retaliate should the United States renege on its commitments.
#Economic publications
Where will the most significant business risks emerge in 2026? Coface economists evaluate 160 economies and 13 major industries to support companies in understanding risk levels, planning investments, and making well-informed international business decisions.
#Economic publications
Geopolitical tensions are intensifying: what are the consequences for globalisation and economic stability? At the Coface Country Risk Conference on February 17, four experts share their analyses of these geostrategic rivalries that are impacting global trade.
#Economic publications
Momentum for the global economy has been varied moving into 2026. We expect growth of +2.6% this year – a very minor downtick on +2.8% in 2025 – despite an international environment marked by persistent geopolitical, financial and social risks.
Navigate uncertainty with Coface's global risk assessments for 160 countries and 13 sectors.
Dive into the world of global trade with Coface's Trade Talk podcast. Explore captivating discussions with trade experts, explore market dynamics, and uncover strategies for growth.
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