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Ahead of US Vice President J D Vance's visit to India, the Congress questions if Prime Minister Narendra Modi will address issues like deportation of Indian citizens, WTO concerns, and US climate ...
Global trade is expected to plummet this year in the wake of President Donald Trump's tariff offensive, fuelling uncertainty ...
The World Trade Organization (WTO) is calling the trade war unleashed by President Trump a “crisis” and is warning things could get worse if “the situation deteriorates.” WTO economists on ...
The WTO’s latest ‘Global Trade Outlook’ quantifies the negative impact on global merchandise trade and on GDP from Trump’s weaponisation of tariffs ...
The WTO projects global economies will grow more slowly than they would without tariffs — and that will be especially the case in North America, a region dominated by the United States ...
The WTO based its report on the tariff situation as of Monday. Initially, 2025 and 2026 were expected to have continued expansion of world trade, but Trump’s trade war forced WTO economists to ...
The Geneva-based WTO expects the volume of world merchandise trade to decline by 0.2% in 2025 — almost three percentage points lower than it would have been without the U.S.-led trade war ...
GENEVA (Reuters) - The World Trade Organization sharply cut its forecast for global merchandise trade from solid growth to a decline on Wednesday, saying further U.S. tariffs and spillover effects ...
"I'm very concerned," WTO chief Ngozi Okonjo-Iweala told reporters, adding that the organisation expected to see trade volumes between the United States and China crumble by a whopping 81 percent.