Open source
After the US has imposed additional customs tariffs against several countries, trade war hits the global economy.
Representatives of international financial organizations agree on this. So, the growth of tariffs led to an increasing of goods prices by trillion US dollars, the Anadolu agency reported.
The US President Donald Trump’s policy of protectionism led to an increasing in tension and uncertainty, which cause negative consequences to the world economy.
Trade war negatively affect the economic sphere of Japan, China and the US, undermining the balance. Also, the causes of negative changes in the markets are increasing fears and risks.
The latest report by the International Monetary Fund says, that in a result of trade war, the the world economy growth will be reduced by 0.5% until 2020.
Thus, the world economy, which amounts to USD 90 trillion, will lose about USD 450 billion in a result of trade wars.
As The Journalist reported, Coca-Cola will raise soda prices after US tariffs.
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