How policy uncertainty harms global trade
A World Bank, WTO research paper analysed the trade data from 65 member countries to find out that with an elimination in trade policy uncertainty, trade volumes will increase by 1.3% and export by 6%
Bengaluru: Trade across the G20 nations fell in the second quarter of 2018 for the first time since mid-2016. The decline was partially driven by US-imposed tariffs on major imports such as aluminium, steel and Chinese products. Such changes in tariffs can generate trade policy uncertainty and hinder global trade. But, by how much?