Higher trade policy uncertainty, new tariffs may weigh on global trade: WTO

Global goods trade is expected to grow in early 2025, but increased trade policy uncertainty and new tariffs could dampen this growth. The WTO’s latest report highlights a recovery in trade volume, with North American imports and Asian exports exceeding expectations. However, European trade remained weaker, and caution is advised due to potential future trade disruptions. Global goods trade is expected to grow in early 2025, but increased trade policy uncertainty and new tariffs could dampen this growth. The WTO’s latest report highlights a recovery in trade volume, with North American imports and Asian exports exceeding expectations. However, European trade remained weaker, and caution is advised due to potential future trade disruptions.  Economic Times

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