Once upon a time, the United States was the driving force pushing for the lowering of global trade barriers. This era, after World War II, saw strong economic growth in the United States as well as in partner countries. That leaves the rest of the world with a challenge – how to deal with the United States in this new role of potential trade antagonist? The International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO) said the well-being of billions of people depended on decisive action by the G20 leaders. Retreat – The Global Trade Alert report, using data from the first half of this year, also notes that trading partners have approached the Trump administration with caution.

Source: Forbes July 07, 2017 17:26 UTC