Why has global trade slowed?

Global trade has slowed, for which there are various explanations: US protectionism ; Weak domestic demand for industrial products in China; Deindustrialisation ; The transition to regional value chains. To find out what best explains global trade, we look at the trend in the exports and imports of the United States, Europe, Japan, China, oil-exporting countries and emerging countries other than China and oil-exporting countries. We see that global trade is weak because of a fall in imports from all regions except Europe. Its cause is therefore global - not region-specific - a nd may be found in the global decline in demand for industrial products .