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Home Steel News Japan METI: Trade wars may really hurt third countries
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Japan METI: Trade wars may really hurt third countries

6 Jun 2019 16:35 reported by Jordan Huang

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According to the news from the Ministry of Economy, Trade and Industry (METI) of Japan, one of the Japanese administrative agencies has announced the Business White Paper and warned the Japanese company that the biggest victim might not be China or the US, it could be the third countries, including Japan.

The global economy has already affected by the trade war, and for those who had a high degree of dependence on foreign trade was in the dangers as if standing on the edge of a cliff.

In 2017, the volume of the trade restrictions of the Group of Twenty (G20) was US$74 billion, which raised by more than 6 times to around US$481 billion in 2018, which showed protectionism was the main trend in the world.

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