Aug 29 2018, 5:53 PMAug 30 2018, 1:36 PMAugust 29 2018, 5:53 PMAugust 30 2018, 1:36 PM
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 0.9% in Q2 2018, and imports fell 0.6%. 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.