Economic Indicators 

Costs of the trade war

Chris Dillow

Chris Dillow
Costs of the trade war

The trade war is starting to hurt. Figures last week from the Dutch statistics agency CPB showed that the volume of world trade has grown by only 0.3 per cent in the past six months, which is less than one-tenth of the average growth we saw in the 17 years before the financial crisis. And official figures next week could show that industrial production has fallen in the eurozone in the past three months. And all this is before the latest round of US tariff rises on Chinese goods took effect.

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