AsianFin  – Global  trade tensions remain elevated, driven largely by repeated U.S. tariff adjustments, according to July Global Trade Friction Index released by China Council for the Promotion of International Trade (CCPIT) on Thursday.

According to CCPIT, the global trade friction index stood at 110 in July, signaling a high level of trade disputes. Measures involved in global trade frictions rose 6.6% year-on-year and surged 27.6% month-on-month, highlighting escalating tensions.

Among the 20 countries and regions monitored, the United States, the European Union, and Brazil ranked highest on the index. The U.S. recorded the largest amount of trade friction measures for the 13th consecutive month.

CCPIT spokesperson Wang Guannan noted that within 13 key monitored industries, trade disputes were concentrated in electronics, chemicals, transport equipment, machinery, pharmaceuticals, light industry, and non-ferrous metals. Electronics topped the industry-specific trade friction index.