The World Trade Organization (WTO) warns that Trump's tariffs will lead to a decline in international trade and depress global economic growth.
WTO expected a 2.7% growth in goods trade this year, but now forecasts a 0.2% decline due to trade policy uncertainty and surge in tariffs.
WTO is particularly concerned about the 'decoupling' of the US and China, as trade between the two is expected to plunge by 81% - 91% without exemptions for tech products.
Uncertainty and trade policy changes can dampen business confidence, reduce investment, and impair economic growth, according to the WTO.