US tariffs will make global trade shrink, says WTO
The Geneva-based institution says American tariffs will send international trade into reverse.
Global trade outlook has ‘deteriorated sharply’ amid Trump tariff uncertainty, WTO warns
The World Trade Organization has warned that the outlook for global trade has “deteriorated sharply” in the wake of President Donald Trump’s tariffs regime.
Trump tariffs will send global trade into reverse this year, warns WTO
World Trade Organization says trade between US and China is expected to plunge by 81% in ‘decoupling’
Donald Trump’s tariffs will send international trade into reverse this year, depressing global economic growth, the World Trade Organization has warned.
In its latest snapshot of the global trading system, the Geneva-based institution says it had previously expected goods trade to expand by a healthy 2.7% this year. As a result of Washington’s trade policy, it is now forecasting a 0.2% decline.
Retail sales increased 1.4% in March, greater than expected
Retail sales were expected to increase 1.2% in March, according to the Dow Jones consensus.