Global Trade Watch 2018 : Trade Amid Tensions

Global trade growth slowed in 2018 amid a weakening of economic growth in China and the Euro Area and rising trade protectionism. The volume of trade grew by 3.8 percent, down from 5.4 percent in 2017, but has shown signs of reviving in the first q...

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Main Authors:	Constantinescu, Cristina, Mattoo, Aaditya, Ruta, Michele, Maliszewska, Maryla, Osorio-Rodarte, Israel
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	TRADE TRADE FLOWS TRADE POLICY TRADE TENSIONS TARIFFS
Online Access:	http://documents.worldbank.org/curated/en/549841559120768022/Trade-Amid-Tensions http://hdl.handle.net/10986/31742

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recordtype	oai_dc
spelling	okr-10986-317422021-09-16T13:43:25Z Global Trade Watch 2018 : Trade Amid Tensions Constantinescu, Cristina Mattoo, Aaditya Ruta, Michele Maliszewska, Maryla Osorio-Rodarte, Israel TRADE TRADE FLOWS TRADE POLICY TRADE TENSIONS TARIFFS Global trade growth slowed in 2018 amid a weakening of economic growth in China and the Euro Area and rising trade protectionism. The volume of trade grew by 3.8 percent, down from 5.4 percent in 2017, but has shown signs of reviving in the first quarter of 2019. However, the U.S. tariff increases implemented in early May and China’s response might change the outlook. Trade policy developments are mixed. Restrictive trade measures imposed during 2018 affected 3.8 percent of world merchandise trade, nearly three times the share affected in any of the years since the global financial crisis of 2009. Tit-for-tat tariffs between the United States and China alone affected 2.0 percent of world merchandise trade in 2018. Ongoing trade tensions affected importers in United States and China significantly. While trade fell in targeted products, prices at the border did not change as compared with non-targeted products. Even though trade in stickier inputs tends to be relatively resilient in the short term, if trade tensions are not resolved, existing global value chains are likely to be disrupted in the longer term. It is in the long-term interest of industrial and developing countries for trade tensions to be resolved through a multilateral approach and World Trade Organization reforms. 2019-05-30T16:58:51Z 2019-05-30T16:58:51Z 2019-05-29 Report http://documents.worldbank.org/curated/en/549841559120768022/Trade-Amid-Tensions http://hdl.handle.net/10986/31742 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper China United States
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	TRADE TRADE FLOWS TRADE POLICY TRADE TENSIONS TARIFFS
spellingShingle	TRADE TRADE FLOWS TRADE POLICY TRADE TENSIONS TARIFFS Constantinescu, Cristina Mattoo, Aaditya Ruta, Michele Maliszewska, Maryla Osorio-Rodarte, Israel Global Trade Watch 2018 : Trade Amid Tensions
geographic_facet	China United States
description	Global trade growth slowed in 2018 amid a weakening of economic growth in China and the Euro Area and rising trade protectionism. The volume of trade grew by 3.8 percent, down from 5.4 percent in 2017, but has shown signs of reviving in the first quarter of 2019. However, the U.S. tariff increases implemented in early May and China’s response might change the outlook. Trade policy developments are mixed. Restrictive trade measures imposed during 2018 affected 3.8 percent of world merchandise trade, nearly three times the share affected in any of the years since the global financial crisis of 2009. Tit-for-tat tariffs between the United States and China alone affected 2.0 percent of world merchandise trade in 2018. Ongoing trade tensions affected importers in United States and China significantly. While trade fell in targeted products, prices at the border did not change as compared with non-targeted products. Even though trade in stickier inputs tends to be relatively resilient in the short term, if trade tensions are not resolved, existing global value chains are likely to be disrupted in the longer term. It is in the long-term interest of industrial and developing countries for trade tensions to be resolved through a multilateral approach and World Trade Organization reforms.
format	Report
author	Constantinescu, Cristina Mattoo, Aaditya Ruta, Michele Maliszewska, Maryla Osorio-Rodarte, Israel
author_facet	Constantinescu, Cristina Mattoo, Aaditya Ruta, Michele Maliszewska, Maryla Osorio-Rodarte, Israel
author_sort	Constantinescu, Cristina
title	Global Trade Watch 2018 : Trade Amid Tensions
title_short	Global Trade Watch 2018 : Trade Amid Tensions
title_full	Global Trade Watch 2018 : Trade Amid Tensions
title_fullStr	Global Trade Watch 2018 : Trade Amid Tensions
title_full_unstemmed	Global Trade Watch 2018 : Trade Amid Tensions
title_sort	global trade watch 2018 : trade amid tensions
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/549841559120768022/Trade-Amid-Tensions http://hdl.handle.net/10986/31742
_version_	1764474995178733568

Global Trade Watch 2018 : Trade Amid Tensions

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