The fall in trade will be especially sharp in North America, where this year’s exports will be reduced by 12.6%, predicting analysts.
The World Trade Organization (WTO) announced a “sharp destruction” of world trade prospects after the introduction of Donald Trump Donald Trump. CNBC reported it.
In the WTO, considering the current customary tariffs and a 90-day pause, they expect a falling trade on goods by 0.2% this year, unlike growth in the October forecast.
Autumn will be especially sharp in North America, where this year’s exports will be reduced by 12.6%.
The WTO also warned the “serious risk of reduction”, including the use of “mutual” tariffs and the broader consequences of political uncertainty, “which could lead to a deeper collapse in the world’s trade in the goods of 1.5%.”
Tariff changes took place after a powerful world trade in 2024, where trade in goods increased by 2.9%, and trade in commercial services increased by 6.8%.
Taken, each other’s tariffs and the prevalence of trade policy uncertainty will lead to a reduction in worldwide trade in the goods of 1.5% in 2025.
Remember that China and the European Union have exchanged views on strengthening economic and trade cooperation in response to tariffs from the United States of America.
EU and China discussed lower prices for de -electric cars from China
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.