Morgan Stanley: Global Trade Peaking

Global trade peaking is an odd end to what has been a key issue over the past three years. From the obfuscated Trans Pacific Partnership, which at first was thought to pass Congress to being formally rejected under the Trump Administration, to talk of new negotiations over the North American Free Trade Agreement to the border tax. Amid a highly charged, roller coaster environment where the US President switched from nationalist to globalist and now embraces both comes a Morgan Stanley report on global trade. Looking over a strong trend in trade growth, a new trend is in the process of forming, the analysts deduce.