WTO Director-General Ngozi Okonjo-Iweala

Trump’s Tariffs May Shrink Global Trade By 1% In 2025, Warns WTO

The World Trade Organization (WTO) has warned that US President Donald Trump’s latest tariff measures could result in a 1% contraction in global merchandise trade volumes this year, adding fresh concerns over the potential escalation of trade wars. WTO Director-General Ngozi Okonjo-Iweala said on Thursday that the organization is closely...