The US-China trade war can hold back world trade

DHL’s Global Trade Barometer expects global trade to decline in the coming period – piacesprofit.hu wrote. Traffic is also declining in the air and maritime trade.

Due to the growing tensions between the US and China, Tim Scharwath, Freight CEO of DHL Global Forwarding is not surprised that the outlook for global trade for the third quarter of 2019 is slightly negative. The latest GTB data clearly illustrates why commercial disputes have no winners. However, some major economies, such as Germany shows positive trade growth. In the long term, though, growth in world trade is still positive. (piacesprofit.hu)