Article 3SXBB Tit-for-tat tariff battle could spark downturn in global economy – BIS

Tit-for-tat tariff battle could spark downturn in global economy – BIS

by
Angela Monaghan
from Economics | The Guardian on (#3SXBB)

Warning comes as Donald Trump steps up war of words with key trading allies

An escalation of protectionist measures could spark a fresh downturn just as the global economy is picking itself up after the last one, the international body that represents the world's central banks has warned.

The Bank for International Settlements (BIS) said there were already signs that "the ratcheting up of rhetoric" was weighing on investment. It comes as Donald Trump steps up hostility with some of the US's key trading partners and allies, raising fears of a full-blown trade war.

Related: Trump threatens car tariffs after EU sets up 2.5bn of levies on US

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments