COVID-19 Rekindles the Global Trade Disputes

COVID-19 Rekindles the Global Trade Disputes

At the beginning of the year, US-China tensions were easing outpost the Phase I trade deal.
Places like Brussels, Washington, and Tokyo agreed on the latest global trading rules to curb subsidies – however, a relative calm had set in.
With the coronavirus struck, countries across the globe imposed 222 exports to control the
medical supplies and medicines – and in most cases for food, as per the Global Trade Alert.
President Trump said that he wants to cut ties with China, the EU is planning barriers to state-backed investment from China and elsewhere – to ensure food imports are virus-free. Cecilia Malmstrom, Former EU Trade Chief, has confirmed that worrying about tendencies towards protectionism with the re-emergence of trade conflicts currently paused by the health crisis.

Source: Reuters