USA News: WTO anticipates export collapses for USA and Canada

The global economy is at a crossroads, says WTO chief economist Ralph Ossa. Cooperative solutions are now in demand.

Donald Trump's customs policy is likely to have serious consequences, especially for North America, and Europe's export industry could get away with it. California wants to file a lawsuit against the tariffs.

Here you can find information on the topic "World Trade". Read now "WTO: Customs Policy Brings US Exports Inruption."

Berlin/Geneva - Donald Trump's tariff offensive is expected to revolutionise world trade. The World Trade Organisation expects major losses. According to the WTO chief economist Ossa, the focus must now be on China.

According to an analysis by the World Trade Organisation (WTO), US tariffs have the biggest impact on the US itself - and Canada. Apart from the volume of trade, economic performance will also suffer greatly: the WTO expects this year only 0.4 instead of two percent growth in gross domestic product (GDP) in North America. It presents its data only for the US and Canada together.

This Wednesday, the World Trade Organization (WTO) published its annual report "World Trade Outlook and Statistics", highlighting the