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Eleven. the regional african trade agreement and the progress made on the us mexico canada deal. progress in some areas yes but all this against a backdrop of a trade war between the united states and china. the world bank had a sober message about it had a tit for tat tat response between the world s top two economies could top the contagion effect. protectionist trade policies can cause a chain reaction as more countries adopt similar measures. the global recovery is built on investment and there s a real danger that businesses will decide to wait for more clarity before engaging in new projects ten years after the last global financial crisis there s a whole new set of risks to the world economy. whether it s trade war is the question of upholding international banking regulations or britain leaving the e.u.