Report says U.S. adopted highest number of protectionist measures

The U.S. has adopted the highest numbers of trade protectionist measures in the world since the financial crisis more than a decade ago, according to a report published this month by Allianz and Euler Hermes Economic Research.

Since 2008 - the year financial crisis struck the Wall Street - the U.S. has adopted 790 trade protectionist measures, compared to UK's 357, Germany's 390, France's 262, Canada's 199and Australia's 174.

China adopted 256 of such measures, while India adopted 566 and Brazil 302.

Allianz and Euler Hermes believes that trade policy is becoming a political tool for different policy ends.

Thetrade dispute between the U.S. and China has pushed the U.S. average tariff on imported goods to around eight percent, up from 3.5 percent in late 2017, according to the report.

(CGTN)