Global Trade Decline: The WTO predicts a global trade decline in 2025-2026 due to US-China trade tensions and tariffs:

Global Trade Decline: The WTO predicts a global trade decline in 2025-2026 due to US-China trade tensions and tariffs:

Daily Current Affairs   /   Global Trade Decline: The WTO predicts a global trade decline in 2025-2026 due to US-China trade tensions and tariffs:

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Category : Business and economics Published on: April 21 2025

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  • "The decline is expected to be particularly steep in North America," the WTO said, forecasting trade to drop by more than a tenth in that region.
  • The WTO previously expected global goods trade to expand by 2.7% in 2025 but it now forecasts it will fall by 0.2%.
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