International trade by the world ’s biggest economies has increased for the first time in two years , as the US dollar strengthens and exports increases , according to the Organisation for Economic Cooperation and Development ( OECD ) . It said that after eight straight quarters of expansion , exports by the G20 index fell 2 % in Q2 2018 , and imports fell 0.9 % . The OECD stated that depreciation against the dollar had been partly to blame , but that the Trump administration ’s tariffs were the greatest risk to economic growth .
International trade by the world’s biggest economies has fallen for the first time in two years, as the US dollar strengthens and protectionism increases, according to the Organisation for Economic Cooperation and Development (OECD). It said that after eight straight quarters of expansion, exports by the G20 countries fell 0.6% in Q2 2018, and imports fell 0.9%. The OECD said that depreciation against the dollar had been partly to blame, but that the Trump administration’s tariffs were the greatest risk to economic growth.