The World Trade Organization now expects global merchandise trade to shrink by 0.2% in 2025, a sharp downgrade from its previous forecast of 3% growth issued in October. WTO analysts warn the decline could deepen to 1.

The WTO has deemed the impact of Trump’s tariff overhaul and ongoing uncertainty a “crisis” and warned that if the situation deteriorates, trade flows could be reduced, leading

Uncertainty over tariffs prompted the World Trade Organization to revise down its outlook for global goods trade, forecasting a contraction this year and possibly a deeper one if conditions deteriorate further,