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June 10, 2019

Chart of the Week: The Trump effect on global trade

by Fathom Consulting.

The ebbs and flows of President Trump’s protectionist rhetoric have had a material impact on global trade, as measured by CPB — the Netherlands Bureau for Policy Analysis. The volume of trade, which had been rising steadily if slowly since the global financial crisis, stalled last year. Our judgement is that this has been a consequence of uncertainty — of fear rather than fact. It would take a substantial escalation from here, involving the imposition of sizeable, trilateral tariffs between the US, China and the EU, to tip most major economies into recession.

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The chart in this article has been created using Chartbook on Datastream. The Chartbook was initially created by Fathom Consulting in 2012 and is now a catalogue of approximately 9000 charts, covering over 170 countries, analysing up-to-date macro and financial data. Whether it is a particular topic, country or variable you are interested in charting, the Chartbook has everything you need. To access Chartbook via Datastream search ‘cbook’.

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