The imposition of tariffs or trade quotas as part of inter-country economic conflicts is not a new phenomenon. The last significant US tariff was imposed as past of the Smoot-Hawley act of 1930, but it has been dropped significantly in the early 1950s, and the average tariff rate has been steady at the single digit level ever since. The new actions of the current administration in the US may mark the beginning of a new global trade war era.
The purpose of this report is to provide perspectives and insights from the media regarding these recent economic events by focusing on global trades related articles. We take a thematic analysis approach by which each item in our large depository of media articles is tagged as either related to global trade or not. We use the fraction of trade-related articles to total articles as a proxy for media’s interest in global trade. This report examines the extent to which recent events are reflected by the national news media as well as in the media coverage of firm-level equities.