After a strong start to the year, the early signs are that disruptions from the Iran war did not deal a heavy blow to world trade in March. In other trade developments, China continues to gain global export market share, and the US effective tariff rate is on course to fall from a peak of 11% to about 6% this month.
Alongside this publication, we have refreshed our Tariffs State of Play dashboard, which is located in our Trade Hub.
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