Global trade has suffered from its largest collapse since the financial crisis, slumping 1.8% in 2001 compared to the previous period, according to the CPB Netherlands Bureau for Economic Policy Analysis. Factors behind the slowdown include a downturn in the car industry, China's downturn, and US President Donald Trump's imposition of tariffs on Chinese and European goods.
Global trade has suffered from its largest collapse since the financial crisis, slumping 1.8% in the three months to January compared to the previous period, according to the CPB Netherlands Bureau for Economic Policy Analysis. Factors behind the slowdown include a downturn in the car industry, China's downturn, and US President Donald Trump's imposition of tariffs on Chinese and European goods.