Believe it or not, the trade sector has helped make the recession less severe. All that is expected to begin to change this week as the trade gap is expected to weigh on growth going forward. As a result, protectionist sentiments could be rekindled. With the June job report hinting that the economy may not be springing back to life as assumed, Congress may be on the look out for scapegoats. President Obama and the leaders of the G20 group of nations have vowed to resist protectionist measures during this severe global downturn. But the pledge has been honored more in the breach. Just last week, the European Union and the U.S. filed a new trade complaint against China. baca selengkapnya
