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While we stress that an increase in trade protection alone is not a recessionary level shock for the global economy, it is an exceedingly unhelpful starting point for the pursuit of broad based growth across regions, expenditure drivers and industries. That observation highlights the importance of continued advocacy for free trade and open markets by corporations, governments and civil society ... As the true economic costs of trade protection are progressively recognised by global consumers, we anticipate a popular mandate for a more open international trading environment will eventually emerge. (McKay 2019)

Modelling the economic impact of the Sino–US trade dispute: A global perspective