G20 trade hit by Trump’s tariffs

TRADE across the world’s biggest economies fell in the second quarter, ending a growth spurt that has been running since mid-2016.

US president Donald Trump’s trade war is to blame, economists warned, while volatile currency markets have also destabilised trading conditions. Total exports from G20 nations fell 0.6pc in the quarter while imports dropped by 0.9pc, the OECD said.