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Tag Archives: Global trade

WTO warns over tit-for-tat trade wars

Global trade has seen its most rapid growth in six years, says the World Trade Organization’s annual analysis. But the positive news could be put at risk by tit-for-tat tariff wars that have broken out, according to the head of the WTO, Roberto Azevedo. Broader global tensions could also see …

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Carmakers fear rising trade barriers after Brexit

A storm is brewing as clouds gather over Bristol Port, with the rain set to fall on tens of thousands of vehicles parked in the port’s car compounds, ready for export by ship, or destined for UK dealerships. It is an apt backdrop for the UK automotive sector’s current predicament. …

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Who is losing out from Trump’s tariffs?

The US-China trade dispute is starting to have consequences. US tariffs on foreign steel and aluminium went into effect last month. China’s retaliatory duties on more than 100 US imports, including pork, fruit and wine, kicked in soon after. Further tariffs on $50bn worth of the each country’s products are …

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What next for Trump’s trade agenda?

There’s no doubt about the big question that looms now for international trade officials. It is: what can they expect next from the United States under President Trump? For decades after the Second World War, the US was arguably the biggest cheerleader for the gradual liberalisation of trade that took …

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US trade deficit widens in February

America’s trade deficit widened in February as its international trade hit a monthly record. The deficit was $57.6bn – the largest monthly gap between exports and imports of goods and services since 2008, the US Commerce Department said. The figures come as President Donald Trump tries a variety of tactics …

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Five reasons why trade wars aren’t easy to win

What happens now that President Donald Trump has said he will move forward with tariffs on steel and aluminium products? Analysts are warning of a trade war, as officials from Europe, Asia and Latin America threaten retaliation. Mr Trump predicted it would be “easy” for the US to win. But …

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