Trump’s Trade War Comes With an Unexpected Bonus : More Trade - Bloomberg
▻https://www.bloomberg.com/news/articles/2018-12-26/trump-s-trade-war-comes-with-an-unexpected-bonus-more-trade
The global economy, in other words, was chugging along nicely on one of the world’s busiest sea lanes. Trade wars be damned.
In fact, President Donald Trump’s assault on globalization has had a paradoxical effect on world trade flows. A rush to get ahead of new and higher tariffs, particularly on U.S. imports from China, has motivated retailers and other American companies to increase orders, which has helped boost volumes at the country’s ports.
Despite Trump’s efforts to reduce his country’s appetite for foreign-made products, the U.S. imported more goods and services in value terms than ever in October, the latest Commerce Department data show. U.S. exports were near the all-time monthly record set in May.
And while the World Trade Organization in September forecast global trade growth would ease this year by 0.8 percentage point to 3.9 percent, the gain would still be high by recent standards. As recently as 2016, international trade volumes grew by just 1.8 percent.
Et comme on n’est pas près d’avoir les chiffres de novembre, voire décembre, pour cause de #shutdown …