# How China Is Exporting Deflation Through Steel

Page: https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/how-china-is-exporting-deflation-through-steel
Text version: https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/how-china-is-exporting-deflation-through-steel.md
Podcast: [Trade and Tariffs with Fexingo: International Commerce, Trade Wars, and Global Supply Chains](https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709)
Published: 2026-07-09T05:51:28+00:00
Episode link: https://audio.fexingo.com/business/trade-and-tariffs/episode-0103.mp3
Audio file: https://audio.fexingo.com/business/trade-and-tariffs/episode-0103.mp3
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Duration seconds: 589

## Resource

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

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