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Weaker World Trade Volumes Show Summer Tariff Escalations
The escalation of U.S.-China tensions this year continued to leave a mark on international trade during the third quarter.
25 Oct 2019, 09:56 PM IST 
Shipping containers sit stacked at the Port of Kaohsiung in Kaohsiung, Taiwan. (Photographer: Billy H.C. Kwok/Bloomberg)
(Bloomberg) --
The escalation of U.S.-China tensions this year continued to leave a mark on international trade during the third quarter. While volumes in the CPB World Trade Monitor increased in August, when both countries announced new tariffs, three-month underlying momentum showed further weakness. There was a 0.5% decline from the previous period, and a 1.5% drop compared with a year earlier.
To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net;Brendan Murray at brmurray@bloomberg.net
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