Uploaded August 2026 | Updated September 2026, 2 weeks ago
Global trade blocs are splitting the world economy, and how each region answers China export dominance now decides which bloc it lands in.
Vincent Deluard, StoneX Group Director of Global Macro Strategy, walks through the fragmentation of global trade and where Europe now sits between two rival blocs.
The conversation covers why the China shock leaves little room for classic comparative advantage, and how the confrontation path built on US tariffs differs from the global South approach of absorbing cheap Chinese imports and specializing elsewhere. It also weighs EU China trade, where Germany feels the industrial shock while China remains the export market Europe has leaned on for two decades.
Discover Actionable Global Macro Insights with StoneX Market Intelligence: shop.stonex.com/products/global-macro-insights?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_vincent_deluard&utm_content=share
0:00 Global Economy Splits Apart
0:19 China Dominates Most Imports
1:11 Two Paths Out of the Shock
1:46 Global South Buys It Cheap
2:25 A US Led Bloc Breaks Away
2:38 Europe Cannot Choose a Side
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#GlobalTrade #StoneX #VincentDeluard #Tariffs
Global trade blocs are splitting the world economy, and how each region answers China export dominance now decides which bloc it lands in.
Vincent Deluard, StoneX Group Director of Global Macro Strategy, walks through the fragmentation of global trade and where Europe now sits between two rival blocs.
The conversation covers why the China shock leaves little room for classic comparative advantage, and how the confrontation path built on US tariffs differs from the global South approach of absorbing cheap Chinese imports and specializing elsewhere. It also weighs EU China trade, where Germany feels the industrial shock while China remains the export market Europe has leaned on for two decades.
Discover Actionable Global Macro Insights with StoneX Market Intelligence: shop.stonex.com/products/global-macro-insights?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_vincent_deluard&utm_content=share
0:00 Global Economy Splits Apart
0:19 China Dominates Most Imports
1:11 Two Paths Out of the Shock
1:46 Global South Buys It Cheap
2:25 A US Led Bloc Breaks Away
2:38 Europe Cannot Choose a Side
Like and subscribe for more financial market insights.
#GlobalTrade #StoneX #VincentDeluard #Tariffs
