Global trade is under threat. Whether or not you call the current situation a trade war, certainly the first shots have been fired. This calls for our attention, and most importantly, our action.
World Trade Organisation (WTO) data shows a marked escalation of trade restrictive-measures over the past six months. A number of import-facilitating measures were also recorded during the same period, but crucially, the value of trade covered by these measures is falling, whereas the coverage of the restrictive measures is rising rapidly. These can include tariffs, quotas and stricter Customs regulations.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you