Trump Tariffs Could Cut World Trade by up to 1.5%: WTO
- The World Trade Organization predicts global trade will decrease by 0.2% in 2025 due to U.S. President Donald Trump's tariff policies and trade conflicts with China.
- If Trump implements his toughest tariffs, world merchandise trade could drop by 1.5%, impacting particularly least-developed economies.
- North America is expected to face significant trade declines, with exports down by 12.6% this year.
- WTO Director-General Ngozi Okonjo-Iweala noted that trade policy uncertainties may severely threaten global growth and vulnerable economies.
207 Articles
207 Articles
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WTO chief says 'very concerned' as tariffs cut into global trade
GENEVA, Switzerland — Global trade is expected to plummet this year in the wake of President Donald Trump’s tariff offensive, fueling uncertainty that threatens “severe negative consequences” for the world, the World Trade Organization warned Wednesday. Since returning to office, Trump has imposed a 10 percent tariff on imports of goods from around the world
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