US – China trade uncertainty has already cost more than actual tariffs

US - China trade uncertainty has already cost more than actual tariffs

Trade uncertainty impacted global trade much more than tariffs via 3 channels: investment (delays in investment plans), consumption (saving rates increased globally) and inventories and prices. It is estimated that while US tariffs hampered global trade growth by -0,3pp in 2018, US-led trade uncertainty cost -0,5pp.

Please fill in this form to download the publications.

  • This field is for validation purposes and should be left unchanged.


Documents recommandés