Economic theory tells us that a border - adjusted tax, such as a VAT, should have no long - term impact on trade flows. (us.beyondbullsandbears.com)
This supported demand for commodities, thereby keeping a portion of international trade flows moving. (bankofcanada.ca)
But the fallout of the financial events for demand, production and trade flows in the global economy was only then starting to become apparent in hard data. (rba.gov.au)