menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Business News

>

Trump tari...
source image

Guardian

2d

read

15

img
dot

Image Credit: Guardian

Trump tariffs will send global trade into reverse this year, warns WTO

  • 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.

Read Full Article

like

Like

For uninterrupted reading, download the app