Countries imposed tariffs, import duties and other restrictive trade measures covering $339.5 billion worth of global trade, according to a World Trade Organization report published July 22.
WTO members imposed 38 new trade-restrictive measures between mid-October 2018 and Mid-May 2019, according to the report. The value of the WTO’s latest tally of global trade restrictions represents the second-highest figure on record and suggests the “precarious situation in global trade will persist,” the report said.
During the last reporting period, WTO members applied 137 new trade-restrictive measures, covering a total of $588 billion worth of global trade, the highest on record. ...
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