This year could end today and it would still rival the most challenging periods for the international trading system. But the next 3 1/2 months may bring even more potential disruptions that could secure 2020’s spot as the most turbulent in modern history.
Several key events will occur that have potential to turbo-charge the global trade regime’s trajectory toward dysfunction and chaos. On the flip side, it’s possible the outcomes could help cushion the worst global recession since the financial crisis and set the world on a path to recovery.
“There’s no question that the next three months will be pivotal for the state of global trade,” said Edward Alden, a senior fellow at the Council on Foreign Relations. With protectionism on the rise in ways similar to the lead-up to the Great Depression, “the echoes of the 1930s are pretty clear,” he said.
As summer winds down, here are five key political and economic events affecting trade in the remainder of the year - View Details