New Economy Forum
Global Trade Growth Slowly Losing Steam as Business Feels Pinch
- DHL monitor has declined this year, indicating slowdown
- BMW this week cut profit forecast, citing trade conflict
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Global trade is continuing to lose a little steam amid an escalating tariff battle between the world’s two biggest economies.
The conflict between the U.S. and China escalated this month when Donald Trump’s administration slapped levies on $200 billion of Chinese goods, and the latter retaliated by implementing its own tariffs and canceling negotiations.