Trade war risks grinding global trade growth to a halt

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<dateIssued>2019</dateIssued>
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<abstract displayLabel="Summary">Trade tensions between the United States and China continue to simmer. After another flare-up in May, the chances of an agreement putting an end to tit-for-tat tariffs have plummeted. A new truce could be agreed between President Trump and President Xi at the G-20 summit in Japan on June 28 and 29. However, this remains highly uncertain and even if one is reached, it is not likely to remove the tariffs that are already in place. As such, we see international trade growth staying muted in 2019 and 2020. Further escalation remains a realistic possibility which could spell disaster for global trade. </abstract>
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