WTO says tariffs could bring contraction of 1% in global merchandise trade volumes

By Yahoo! Finance   |   2 weeks ago
WTO says tariffs could bring contraction of 1% in global merchandise trade volumes

The Director-General of the WTO warns that new U.S. tariffs could cause a 1% contraction in global trade by 2025, potentially leading to a tariff war. Concerns rise over trade diversion effects and negative economic consequences.

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