Business Standard

More dark clouds over trade

We have been witnessing an exacerbation and an amplification of existing trade tensions

Labour loading cement bags in a container | File photo
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Labour loading cement bags in a container | File photo

Claude Smadja
If you thought that the international trade system  had been endangered by severe blows in the recent period — thus creating additional impediments and risks as countries are fighting to contain the Covid recession and set a fledgling recovery in motion — then brace for the impact of additional shocks and sources of friction that will at best create new strains in the system and at worst ignite new trade wars.

Instead of all countries putting their act together to intensify international collaboration in order to fight the global recession more efficiently, we have been witnessing an exacerbation and an
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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