On Monday 19 March, the German economic research institute, ifo warned of the risk that the protectionism triggered by the American President, Donald Trump, on imports of steel and aluminium to the United States could spread to other countries and other sectors, which could undermine the World Trade Organisation (WTO) and seriously jeopardise the progress achieved in liberalising world trade over the past decades.
“Trump's actions seem quite arbitrary”, states ifo, referring to the...