- Analytics
- News and Tools
- Market News
- European Commission: China, U.S. pushed trade barriers to record high in 2018 - Reuters
European Commission: China, U.S. pushed trade barriers to record high in 2018 - Reuters
The European Commission's Trade and Investment Barriers Report, which was published on Monday, said that 23 non-EU countries had put in place 45 new trade barriers in 2018, bringing the total number to a record high of 425 measures in 59 different countries.
According to the report, China and Russia had the most "problematic" trade measures overall, with 37 and 34 respectively.
In 2018, most barriers were erected in China and Algeria, with five each, followed by the United States and India, both on four, with the greatest impact on the IT sector and precious and non-precious metals.
Overall, the new barriers put in place last year had affected or risked affecting 51.4 billion euros of EU exports.
However, the report also revealed that 123 foreign measures had been eliminated since the start of the current Commission in 2014, leading to 6.1 billion euros of extra EU exports in 2018.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
