Global trade has suffered from its largest recession since the financial crisis , slumping 1.8 percent in the six months to January compared to the previous period , according to the united Netherlands Bureau for Economic Policy Analysis . Factors behind the slowdown include a downturn in the automotive industry , China 's recession , and US President trade 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.