Global Merchandise Trade Faces Uncertain Future Amid Tariffs
- The World Trade Organization lowered its 2026 global merchandise trade growth forecast to 1.8% from 2.5% due to higher tariffs.
- The WTO projected world merchandise trade growth of 0.9% in 2025, recovering from a-0.2% contraction estimate made in April.
- WTO Director-General Ngozi Okonjo-Iweala stated that tariff uncertainty disrupts business confidence and investment.
- Asian economies are expected to drive trade growth in 2025, while North America will negatively impact growth in both 2025 and 2026.
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WTO cuts 2026 global merchandise trade growth forecast to 1.8 pct on higher U.S. tariffs
GENEVA, Aug. 8 (Xinhua) -- The World Trade Organization (WTO) on Friday lowered its forecast for global merchandise trade growth in 2026 to 1.8 percent from the previous estimate of 2.5 percent due to higher tariffs. Read full story
·Malaysia
Read Full ArticleGlobal Merchandise Trade Faces Uncertain Future Amid Tariffs
Global merchandise trade is set to grow by 0.9% this year, hindered by U.S. tariffs. WTO forecasts suggest continued uncertainty affecting business confidence. Asian economies remain strong contributors, while North America may negatively impact growth. Indian exports stayed stagnant in June, despite a declining trade deficit.
·India
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Total News Sources13
Leaning Left1Leaning Right3Center3Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Right
14%
C 43%
R 43%
Factuality
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