Global Trade Slumps in April as Trade War Dragged On
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Global trade stumbled in April as the tariff war between the U.S. and China showed few signs of ending, figures released Tuesday showed.
The 0.7% drop in goods trade from the previous month followed a 0.8% gain in March, according to the CPB Netherlands Bureau for Economic Policy Analysis in The Hague. Compared with a year earlier, global trade increased just 0.1%. Separate CPB figures showed industrial output floundered worldwide in April.