Economics

Trade Barriers Most Harmful in Times of Crisis, BOE Finds

Shipping containers sit on top of a container ship on the dockside at the Port of Felixstowe Ltd., in Felixstowe, U.K. — Shipping containers sit on top of a container ship on the dockside at the Port of Felixstowe Ltd., in Felixstowe, U.K.
Photographer: Chris Ratcliffe/Bloomberg

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By Lucy Meakin

June 11, 2020 at 11:48 AM UTC

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Imposing new trade barriers is particularly harmful in times of crisis and nations should try to open up if they want to limit the damage to both the economy and health caused by coronavirus, according to economists at the Bank of England.