Assessing the Impact of Increased Tariffs on the Global Economy ...Middle East

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Assessing the Impact of Increased Tariffs on the Global Economy
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In all the trade war noise, it is easy to miss just how much global trade conditions have deteriorated in the last few months. If, one year ago, someone would have told investors and businesses that the best-case scenario would be for average US tariffs to quadruple (from 2.5 per cent to over 10 per cent), they would have been considered a “doomsayer”. Adding that markets would cheer on the news, would have probably added disbelief. Yet here we are, in the midst of a classic game of maximalist demands and then gradual de-escalation.…

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