Episode
How China Is Exporting Deflation Through Steel
- Published
- Jul 9, 2026
- Duration seconds
- 589
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Summary
Episode 103 of Trade and Tariffs with Fexingo: Lucas and Luna drill into a quiet but consequential trade story—how China's steel exports hit a new record in the first half of 2026, pushing deflation into global markets. They unpack the mechanism: weak domestic demand, a stable yuan, and massive state-subsidized overcapacity. They tie it to the producer price data out of China this week—PPI up near a four-year high on commodity inputs, yet consumer inflation remains near zero. They discuss the ripple effects: anti-dumping tariffs from the EU and India, the tug-of-war between green steel mandates and cheap Chinese supply, and what it means for the global price level. Then they step back to ask whether this is a temporary venting or a structural shift that keeps global inflation lower for longer—and how central banks should read the signal. #ChinaSteel #ExportDeflation #TradeWar #SteelOvercapacity #GlobalTrade #ChinaEconomy #SteelTariffs #ProducerPrices #ConsumerPrices #AntiDumping #GreenSteel #IndustrialPolicy #SupplyChain #Beijing #Economics #FexingoBusiness #BusinessPodcast #TradeAndTariffs Keep every episode free: buymeacoffee.com/fexingo