The World Trade Organization said Wednesday it expects the value of goods shipped around the globe to grow by around 2.4% in 2017, up from just 1.3% in 2016. The forecast takes into account inflation and currency movements.
Trump isn’t alone in advocating trade policies to protect jobs at home. Right-wing politician Marine Le Pen in France is running for president on a campaign to put French workers first. Meanwhile, Brexit means Britain faces new barriers in selling into its biggest export market, the European Union.
President Trump has already pulled the U.S. out of one vast trade deal in the Pacific, promised to renegotiate the NAFTA agreement with Canada and Mexico, and threatened to slap tariffs or taxes on imports.