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Global trade could slide this year because of Trump's tariff policies: WTO
The Business Guardian
|April 17, 2025
The World Trade Organisation says the volume of trade in goods worldwide is likely to decrease by 0.2 per cent this year due to US President Donald Trump's shifting tariff policies and a standoff with China, but it would take a more severe hit if Trump carries through on his toughest "reciprocal" tariffs.
The decline in trade will be particularly steep in North America even without the stiffest tariffs, the global trade forum said Wednesday, with exports there this year expected to fall by 12.6 per cent and imports by 9.6 per cent.
The WTO based its report on the tariff situation as of Monday. Initially, 2025 and 2026 were expected to have continued expansion of world trade, but Trump's trade war forced WTO economists to substantially downgrade their forecast, the forum said.
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The Business Guardian
Capital markets key to India’s infrastructure growth: SEBI
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The Business Guardian
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1 min
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The Business Guardian
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2 mins
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The Business Guardian
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2 mins
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The Business Guardian
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2 mins
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The Business Guardian
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11 mins
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The Business Guardian
CII Energy summit 2025 backs sustainability, Net zero goals
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2 mins
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The Business Guardian
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1 mins
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The Business Guardian
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1 mins
September 19, 2025
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