Uncertainty over tariffs prompted the World Trade Organization to revise down its outlook for global goods trade, forecasting a contraction this year and possibly a deeper one if conditions deteriorate further,

The World Trade Organization (WTO) has forecast that global trade will fall this year because of US President Donald Trump's tariffs. It added "severe downside risks", including reciprocal tariffs and political uncertainty, could lead to an even sharper decline in global goods trade.

The WTO has deemed the impact of Trump’s tariff overhaul and ongoing uncertainty a “crisis” and warned that if the situation deteriorates, trade flows could be reduced, leading