. Trade policy developments are mixed. Restrictive trade measures imposed during 2018 affected 3.8 percent of world …-for-tat tariffs between the United States and China alone affected 2.0 percent of world merchandise trade in 2018. Ongoing trade … a multilateral approach and World Trade Organization reforms …

-supplying neighbor, Mexico. Real incomes in the rest of world would decline by 0.16 percent and in China by 0.38 percent because of trade …