A significant rise in protectionism is a material and rising risk for the global economic outlook .The US accounts for much of this risk and the two main areas to currently watch in our view are:i)potential border tax adjustments(BTA)in the US tax code,and ii)potential US-China trade tensions.The forthcoming elections may increas e protectionist sentiment in Europe,adding further obstacles to cross-border economic activity.
20170213-CITIGROUP-GLOBAL_ECONOMICS_VIEW:THE_RISING_RISK_OF_TRADE_WARS-629920.pdf
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