Donald Trump's tariffs: The WTO lowers its forecast for world trade in 2025:
The upswing is canceled. President Trump's tariffs are hampering ...
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WTO Forecasts Global Trade Decline from US TariffsThe WTO predicts a 0.2% drop in world trade volume in 2025 linked to US tariffs and rising Chinese export competition in Europe.
- The WTO revised its 2025 global trade volume forecast from 2.7% growth to a 0.2% contraction due to US tariff measures.
- US tariffs on steel, aluminum, and Chinese goods are redirecting exports from the US to Europe, intensifying competitive pressure on European markets.
- North America is expected to experience the largest trade decline with exports falling 12.6% and a 1.7 percentage point drag on global trade.
- Global economic growth outlook was lowered from 2.8% to 2.2%, with North America facing the sharpest slowdown, growing only 0.4%.
I am very concerned— WTO Director-General Ngozi Okonjo-Iweala regarding the expected decline in global trade.
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