Tariff uncertainty will hit global GDP by 0.6%, warns WTO

Tariff uncertainty will hit global GDP by 0.6%, warns WTO

WTO economists predict that global GDP would have risen to 2.8 percent in 2025 but will now increase by 2.2 percent.

Tariff hikes to cause global trade slowdown, WTO says - People's Daily Online

The global trade outlook has

WTO projects tariff uncertainty to cause 0.2% drop in global trade volume in 2025

The current uncertainty and volatility of tariff measures will slow global economic growth and have a greater impact on the more open economies, warned World Bank President Ajay Banga. “History shows that more open economies tend to grow faster and to resist market fluctuations better (...) many developing economies maintain higher tariffs than advanced ones and it will be key to privilege negotiation and dialogue,” he said.