<ul><li>The reactivation of suspended reciprocal tariffs by the United States could cause a 1.5% decline in world merchandise trade in 2025.</li><li>Global merchandise trade volume growth would reduce by 0.6% in 2025 due to reciprocal tariffs, with an additional 0.8% reduction from trade policy uncertainty.</li><li>Indian exporters may face challenges as imports by North America are predicted to drop by 9.6%.</li><li>The US-China trade disruption could lead to a significant trade diversion and create export opportunities for other suppliers.</li></ul>

Trump’s tariff regime to contract global trade in 2025 by 0.2%-1.5% : WTO

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