The Office of the United States Trade Representative released a report highlighting foreign trade barriers that could ...

President Trump has been promising new "reciprocal tariffs" to punish other countries for their tariffs and trade barriers. Markets are nervous that a trade war could hike prices and hurt the economy.

The OECD warned that higher trade barriers in several G20 economies could hit global growth and raise inflation.

However, services trade remains smaller due to non-tariff barriers. The US maintains a significant surplus in services, especially with the EU, Canada, and China. Retaliation in services may ...