Geneva, April 3, 2025 (AFP) - US tariffs could shrink global merchandise trade volumes 1% in 2025: WTO

NAMPA / AFP

2025-04-03

US President Donald Trump's worldwide tariff salvo could lead to an overall contraction of around 1 percent in global merchandise trade volumes this year, the WTO chief warned Thursday. After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures would "have substantial implications for global trade and economic growth prospects". Trump slapped 10 percent i......

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