This weekend’s U.S.-China trade skirmish is just the tip of a coming protectionist iceberg, according to a report released Monday by Global Trade Alert, a team of trade analysts backed by independent think tanks, the World Bank and the U.K. government.
A report by the World Trade Organization, backed by its 153 members and also released Monday, found “slippage” in promises to abstain from protectionism, but drew less dramatic conclusions.
Governments have planned 130 protectionist measures that have yet to be implemented, according to the GTA’s research. These include state aid funds, higher tariffs, immigration restrictions and export subsidies.