US tariffs will make global trade shrink, says WTO

The World Trade Organization (WTO) has forecast that global trade will fall this year because of US President Donald Trump’s tariffs.
It added “severe downside risks”, including reciprocal tariffs and political uncertainty, could lead to an even sharper decline in global goods trade.
“The decline is expected to be particularly steep in North America,” the WTO said, forecasting trade to drop by more than a tenth.
Ngozi Ikonjo Iweala, the WTO director general, called the “decoupling” of the US and China “a phenomenon that is really worrying to me”.
The WTO previously expected goods trade to expand by 2.7% in 2025 but it now forecasts it will fall by 0.2%.

Source: BBC | Language: English