04/16/2025

WTO Warns the China-U.S. Trade War May Tip the World into Recession

The organization said the global trade outlook has deteriorated sharply

The World Trade Organization (WTO) warned on Wednesday that the outlook for global trade has “deteriorated sharply” in the wake of U.S. President Donald Trump’s tariffs regime.

"The outlook for global trade has deteriorated sharply due to a surge in tariffs and trade policy uncertainty," the WTO said in its latest "Global Trade Outlook and Statistics" report out Wednesday.

Based on the tariffs currently in place, and including a 90-day suspension of “reciprocal tariffs,” the volume of world merchandise trade is now expected to decline by 0.2 percent in 2025, before posting a “modest” recovery of 2.5 percent in 2026.

Please select this link to read the complete article from NBC News.