Monday, July 17, 2017
Protectionism in the G20.
Earlier in July the Centre for Economic Policy Research released the 21st Global Trade Alert (GTA), “Will awe trump rules?”. It asks whether the shock and awe of Donald Trump’s inauguration as US president after a highly nationalistic and anti-trade election campaign has changed not only US protectionist dynamics, but also the state of play in the rest of the G20. Using a broader database than the WTO, the alert shows protectionist measures have risen worldwide since 2008, despite the pledges of G20 leaders to “fight protectionism”. The report also finds that US protectionism has increased this year.