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US tariffs will make global trade shrink, says WTO
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 World Trade Organization sharply cut its forecast for global merchandise trade from solid growth to a decline on ...
Global trade in goods will fall this year, and the decline could be severe if the U.S. presses ahead with suspended tariff ...
In its response, the US maintained that the tariffs were imposed under Section 232 of the Trade Expansion Act, which allows ...
The US has rejected India's WTO plea on steel and aluminium tariffs, stating the duties were imposed under national security, ...
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Temporary tariff pause mitigates trade contraction, but strong downside risks persist: WTOThe volume of world merchandise trade is expected to decline by 0.2 per cent in 2025 under current conditions, nearly three percentage points lower than what would have been expected under a low ...
Tariffs rarely deliver the promised economic benefits, according to World Trade Organization (WTO) chief economist Ralph Ossa ...
Squawk Box Asia's Martin Soong and Chery Kang discuss the World Trade Organization's gloomy estimates that merchandise trade ...
Alongside this gloomy outlook, the World Trade Organisation (WTO) delivered its own sobering assessment, slashing its global ...
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