The WTO Downgrades Global Trade Outlook Amid Ongoing Tariff Turmoil

The World Trade Organization (WTO) has made a shocking revision to its forecast for global trade growth, attributing the downgrade largely to the lingering impacts of tariffs imposed during the Trump administration. The organization now estimates that global merchandise trade will grow by only 2.5% this year, a significant reduction from the previous forecast of 3.5%. This lackluster outlook underscores the profound disruptions that have emerged from ongoing tariff wars and trade tensions.

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