April 17, 2025 7:44 AM
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WTO forecasts slump in Global trade this year due to tariff war
The World Trade Organization (WTO) has released its Trade Forecast for 2025 and 2026. The report has predicted that global trade will fall this year as a result of tariffs by United States President Donald Trump. WTO Director General Ngozi Okonjo-Iweala said in a statement that China-US decoupling i...