Trade Watch: The scourge of protectionism
The indirect impact of tariffs if particularly prevalent in the transport sector (including the car industry) because it involves a complex multinational production chain . . .
PARIS -- The global credit insurer Coface says increased protectionism is affecting a large number of economies - both advanced and emerging.
Use of import tariffs by the U.S., it says, has doubled since 2009, with a sharp increase between 2016 and 2018.
Nevertheless, these tariffs still only account for one-sixth of protectionist measures in place worldwide.