World Trade Organization says trade between US and China is expected to plunge by 81% in 'decoupling' Donald Trump's tariffs will send international trade into reverse this year, depressing global economic growth, the World Trade Organization has warned. In its latest snapshot of the global trading system, the Geneva-based institution says it had previously expected goods trade to expand by a healthy 2.7% this year. As a result of Washington's trade policy, it is now forecasting a 0.2% decline.
Trump tariffs will send global trade into reverse this year, warns WTO
The Guardian - 16 Apr 2025 15:00
World Trade Organization says trade between US and China is expected to plunge by 81% in 'decoupling' Donald Trump's tariffs will send international trade into reverse this year, depressing global economic growth, the World Trade Organization has warned. In its latest snapshot of the global trading system, the Geneva-based institution says it had previously expected goods trade to expand by a healthy 2.7% this year. As a result of Washington's trade policy, it is now forecasting a 0.2% decline.
Share this Article
Recommended