A report issued by the World Trade Organization reveals that key U.S. trading partners have taken steps to erect new trade barriers and improve the export performance of domestic industries. While the report is relatively sanguine about the effect of protectionist pressures on international trade thus far, the impact on the trading system of countries' responses to the global economic crisis may not be clear for some time and the current trajectory is not encouraging.
The report, dated January 23...
]]>