According to Krishen Rangasamy, analyst at National Bank Financial, de-escalation of the U.S.-China trade war does not mean the threat of protectionism has disappeared. Key Quotes “The U.S. is once again contemplating using Section 232 of its Trade Expansion Act to impose tariffs on grounds of national security, this time on auto imports. If enacted, those tariffs would not only disrupt global trade but could also potentially tip already-weakened economies of Japan and Germany into recession.” “Add the possibility of a hard Brexit to the mix and it’s not difficult to imagine a scenario whereby global growth falls under 3%. However, our base case scenario assumes common sense prevails among policymakers as to leave global trade flows largely unimpeded, which explains why we’ve left unchanged our forecast of 3.5% for world GDP growth this year.” “After enjoying a strong 2018, the U.S. economy now seems to be taking a breather. The services sector moved down a gear in the aftermath of January’s government shutdown, the latter estimated to have trimmed roughly half a percentage point from Q1 growth. That said, we’re keeping unchanged our 2019 growth forecast of 2.3%, expecting a sharp rebound in the second quarter.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WH Econ Adviser Hassett: US-China deal may be finished some time soon FX Street 4 years According to Krishen Rangasamy, analyst at National Bank Financial, de-escalation of the U.S.-China trade war does not mean the threat of protectionism has disappeared. Key Quotes "The U.S. is once again contemplating using Section 232 of its Trade Expansion Act to impose tariffs on grounds of national security, this time on auto imports. If enacted, those tariffs would not only disrupt global trade but could also potentially tip already-weakened economies of Japan and Germany into recession." "Add the possibility of a hard Brexit to the mix and it's not difficult to imagine a scenario whereby global growth falls under 3%.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.