Protectionism: Euler Hermes expects less than 0.5pp rise in world import tariffs

Trade credit insurer Euler Hermes' latest analysis on protectionism and fears of a trade war between the US and China, "Trade Games, Trade Feud or Trade War?", predicts a mild increase of the average tariff by +0.5pp from 3.5% today for the US, with negligible retaliation. It...