A sharply rising number of attempts to block imports has led to a much smaller increase in actual tariffs and affected only a limited share of global trade, according to World Bank research.
The latest results from the Global Antidumping Database, a monitoring service sponsored by the bank, show the number of new official investigations into imposing so-called “trade remedies” – emergency blocks on imports – rising sharply in the third quarter of 2009. Investigations are opened at the behest of domestic producers seeking relief from cheap imports.
The political salience of import curbs has risen recently after US President Barack Obama provoked a hailstorm of criticism by imposing so-called “safeguard” restrictions on Chinese tyres.
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