Brief by Shorts91 Newsdesk / 01:23pm on 16 Apr 2025,Wednesday International
The World Trade Organization (WTO) has warned that Donald Trump’s new tariffs could harm the global economy. It now expects world trade to shrink by 0.2% this year, instead of growing. The US has put high taxes on imports, especially from China. Trade between the two countries may drop by 81%. The WTO says this “decoupling” is worrying. It could lower global GDP growth to 2.2% or even 1.5% in the worst case. Other regions may still grow, as China looks for new trade partners. The WTO also said that market uncertainty is adding to the risks of a slowdown. (PC: EPA)
