Trade globalization has been slowing down since the global financial crisis and may continue to slow due to COVID-19. This study looked at how trade and financial globalization interact using a special statistical model. The researchers found that when countries trade more with each other, they also tend to have more financial connections. Similarly, when countries have more financial connections, they also tend to trade more. However, after the global financial crisis, this relationship weakened. This suggests that if trade globalization continues to slow down, financial globalization may also be affected in the future.