One of the instruments many governments resorted to in responding to the COVID-19 pandemic was trade policy. This column introduces a new high frequency dataset on trade policy changes targeting medical and food products since the beginning of the pandemic, documenting how countries used such instruments on a week-by-week basis. While there was a burst in trade policy activism in February and March 2020 in tandem with the rise in COVID-19 cases, there was significant variation across governments in their resort to trade policy, the types of measures used, and the duration of interventions.
Trade policy responses to the COVID-19 pandemic: Evidence from a new dataset