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Head-spinning uncertainty on trade is a major drag on global growth and an increasing number of central banks are responding, with the Federal Reserve and European Central Bank easing policy and the People’s Bank of China likely to continue loosening. Bloomberg Economics’ modeling suggests monetary easing can offset some, but not all, of the drag.

To contact the staff on this story: Dan Hanson (Economist) in London at dhanson41@bloomberg.net;Jamie Rush (Economist) in London at jmurray126@bloomberg.net;Tom Orlik (Economist) in Washington at torlik4@bloomberg.net

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net

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