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News in English (USA) / 16.04.2025 / 19:00

WTO Warns of Significant Global Trade Decline Due to Trump Tariffs

The World Trade Organization (WTO) has issued stark warnings regarding the impact of Trump-era tariffs on global trade, predicting a pronounced contraction in trade volumes. A recent update indicates that uncertainties surrounding tariff policies could cut world trade by as much as 1.5% and significantly harm economies, particularly in the United States and China. The WTO has slashed forecasts for trade growth, citing concerns that escalating tariff disputes may lead to a recession. It also urges the U.S. to consider exempting poorer nations from these tariffs, as the negative repercussions could be catastrophic for developing economies. With apprehensions over rising tariffs, the WTO expresses deep concern about the potential downturn in global trade flows, emphasizing the critical situation for vulnerable nations impacted by such economic turbulence.
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