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Trump Tariffs Could Cut World Trade by up to 1.5%: WTO

  • Global trade could fall by as much as 1.5 percent this year, the World Trade Organization warned.
  • The World Trade Organization noted that this tariff offensive fuels uncertainty and could have severe negative consequences.
  • The World Trade Organization issued a warning on Wednesday about the potential impacts on global trade.
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WTO chief says 'very concerned' as tariffs cut into global trade

GENEVA, Switzerland — Global trade is expected to plummet this year in the wake of President Donald Trump’s tariff offensive, fueling uncertainty that threatens “severe negative consequences” for the world, the World Trade Organization warned Wednesday. Since returning to office, Trump has imposed a 10 percent tariff on imports of goods from around the world

·Manila, Philippines
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Portfolio.hu broke the news in on Wednesday, April 16, 2025.
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