


Weekly Economic Commentary | July 24, 2026
China Wields Its Trade Influence
China is learning to use its leverage over trading partners.

China is increasingly using trade as a tool of influence.
Countries are facing pressure from both Washington and Beijing.

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Vaibhav Tandon
Chief International Economist
Vaibhav Tandon is the Chief International Economist within the Global Risk Management division of Northern Trust. In this role, Vaibhav briefs clients and colleagues on the economy and business conditions, supports internal stress testing and capital allocation processes, and publishes the bank’s formal economic viewpoint. He publishes weekly economic commentaries and monthly global outlooks.

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