Trade policy tensions casting shadow on economic horizon
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201810232099
The trade policy of the United States has in the last year become increasingly protectionist, aiming to change the terms of international trade. However, protectionist measures may have unexpected and long-term repercussions as businesses' supply chains have become more complex and extending across national boundaries. Even if the higher tariffs were temporary, the global economy will grow more slowly, the more the tariff increases heighten uncertainty and postpone investments.
Issue: Financial stability