Trade policy tensions casting shadow on economic horizon

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Title: Trade policy tensions casting shadow on economic horizon
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 92
Series number: 4/2018
Year of publication: 2018
Publication date: 18.10.2018
Pages: 3-10
Subject (yso): kauppapolitiikka; protektionismi; kansainvälinen kauppa; tullit; investoinnit; talouskasvu; vaihtotase
Keywords: Yhdysvallat; tuontitullit
Other keywords: supply chains; protectionism; import tariffs; current accounts
Abstract: 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.
Note: Issue: Financial stability

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