Trade war escalation and impact on world trade and economic growth

Monday 16 September 2019

Trade tensions re-escalated during the summer. Starting on 1 September, the US Administration introduced new tariffs and China retaliated simultaneously. More tariffs are likely from the US side, including an increase in tariffs already in place from 25% to 30% and new tariffs on the last tranche of imported goods from China. Concerning extra-tariffs measures, in August the temporary licenses granted to US companies to operate with Huawei were extended upon their expiration but, so far, with no additional structural guidance. Read More

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Trade tensions re-escalated during the summer. Starting on 1 September, the US Administration introduced new tariffs and China retaliated simultaneously.