WTO warns of 1% global trade contraction amid US tariff measures

Roundup: Turkish experts say new tariffs reveal Washington's aggressiveness, unpredictability, erode global trade ties

ANKARA/ISTANBUL, April 4 (Xinhua) -- The new U.S. tariff policy has revealed Washington's aggressive protectionist stance and its unpredictable nature, and will erode global trade relationships and escalate global trade tensions, Turkish experts have said. Read full story

WTO warns of 1% global trade contraction amid US tariff measures

President Donald Trump on 2 April announced a 10 per cent baseline tariff on all imports, starting 5 April, along with higher duties for countries seen as trading unfairly. The post WTO warns of 1% global trade contraction amid US tariff measures appeared first on Premium Times Nigeria.

World Trade Organization estimates 1% global trade contraction due to Trump tariffs - The Zambian Observer

The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has expressed concern over new tariffs introduced by the United States, warning that these, combined with earlier tariffs imposed at the start of the year, could lead to a contraction of about 1% in global merchandise trade volumes in 2025. “I’m deeply concerned about this […] The post World Trade Organization estimates 1% global trade contraction due to Trump tarif…

US tariffs may shrink Global Trade by 1% – WTO DG

The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has warned that newly announced trade measures by the United States could lead to a 1% contraction in global merchandise trade volumes this year.   The post US tariffs may shrink Global Trade by 1% – WTO DG appeared first on Nairametrics.

The Director General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, externed her concern about the tariffs that Donald Trump, president of the United States, has put in place, which, she warned, could cause a 1% contraction in the volumes of world merchandise trade in 2025. Okonjo-Iweala pointed out that this represents a downward revision of almost four percentage points compared to the previous projections. “I am deeply concerned …