Darrel Pearson comments in the Globe and Mail on what to expect in international trade as the world finds a new global economic equilibrium post-pandemic. This includes:
- how the shift to protectionism is being accelerated by COVID-19;
- why to expect more trade disruption and disputes;
- an increase in anti-dumping and countervailing duties, safeguard measures, and negotiated quotas;
- more countries may use measures like national security interests and surtaxes to defend local markets; and
- the challenges to trade posed by the paralysis of the WTO’s Appellate Body.
Globe and Mail subscribers can read the article on the Globe and Mail website.