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Global Trade Is Pinched
The world economy is feeling the effect of developing trade disputes
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A measure of global trade weakened this month, dropping to the lowest since 2016 and indicating a slower pace of growth in the months ahead. DHL cited “rising political tensions” for the slump in its trade barometer, as the tariff battle between the U.S. and China escalated. Some of the slowdown may represent a return to a more sustainable path after a stellar year for the world economy in 2017.