The WTO Tuesday downshifted its global trade forecast, warning that anti-globalisation rhetoric and Brexit were pushing trade growth to its slowest pace since the financial crisis. The WTO said global trade was now estimated to expand by just 1.7 percent this year, compared to its April projection of 2.8 percent. Source: AFP/Yahoo
The extent of the problems facing Emmanuel Macron’s plans for European reform was laid bare Monday when Spain, its key ally on the issue, dropped most of its goals citing opposition from Germany. Source Bloomberg
The EU and Mexico said Saturday (21 April) they had reached an “agreement in principle” to modernise an existing free trade deal, as the Latin American country faces pressure from protectionist measures threatened by US President Donald Trump. Source: Euractiv
Germany is raising the first signs of alarm that U.S. sanctions against a major aluminum producer will hurt manufacturers outside of Russia. Source: Bloomberg
