Read, Watch or Listen

The World Trade Organization (WTO) issued a stark warning Wednesday, stating that global trade's outlook has drastically worsened due to President Trump's tariffs. The WTO's report projects a 0.2% decline in world merchandise trade in 2025, a significant downturn from earlier predictions of continued growth. North America is expected to experience a particularly steep 12.6% drop in exports this year. The WTO highlighted significant downside risks, including the potential for reciprocal tariffs and broader policy uncertainty, which could lead to an even sharper 1.5% decline in global trade, disproportionately impacting developing nations.

Prepared by Christopher Adams and reviewed by editorial team.