Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Trump tariffs will send global trade into reverse this year, warns WTO
https://www.theguardian.com/us-news/2025/apr/16/trump-tariffs-will-send-global-trade-into-reverse-this-year-warns-wtoDonald Trump’s tariffs will send international trade into reverse this year, depressing global economic growth, the World Trade Organization has warned.
In its latest snapshot of the global trading system, the Geneva-based institution says it had previously expected goods trade to expand by a healthy 2.7% this year. As a result of Washington’s trade policy, it is now forecasting a 0.2% decline.
Presenting the forecasts, the WTO’s director general, Ngozi Okonjo-Iweala, said she was particularly concerned about the “decoupling” of the US and China, calling it “a phenomenon that is really worrying to me”.
She said trade between the two geopolitical rivals was expected to plunge by 81-91% without exemptions for tech products such as smartphones – saying this was “tantamount to a decoupling of the two economies” and would have, “far-reaching consequences”.
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
Kick in to the DU tip jar?
This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.
As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.