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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.
According to the WTO, US President Donald Trump's shifting tariff policies could decline global trade by 0.2% this year. View ...
The World Trade Organization warned that tariffs would push down both U.S. exports and imports and that trade wars could put poorer countries at risk. By Ana Swanson Reporting from Washington The ...
The World Trade Organization slashed its forecast for merchandise trade this year as soaring US tariffs and broader ...
The World Trade Organization sharply cut its forecast for global merchandise trade from solid growth to a decline, saying ...
Global trade could shrink by up to 1.5% in 2025, with the WTO warning that Trump's tariff policies and rising uncertainty may ...
Levies on Americans’ daily prescriptions and other medicines could raise costs, spur rationing and lead to shortages of ...
The Director-General of the World Trade Organization said new tariffs announced by the U.S. along with those introduced at ...
Canada has submitted a request for consultation with the WTO, claiming that the U.S. should not be allowed to impose a 25% tariff on their automobiles.
The WTO said it expected commercial services trade to grow by 4.0% in 2025 and 4.1% in 2026, well below baseline projections of 5.1% and 4.8%. The expected downturn follows a strong 2024, when the ...
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