Global trade outlook for 2025 ‘sharp deterioration’, WTO warns

The World Trade Organization (WTO) warned the US President for Global Trade in the US President Donald Trump’s tariffs “dramatically deteriorated.”

“The worldview for global trade has dramatically deteriorated due to the uncertainty of tariffs and trade policy,” Wednesday, the latest “global trade outlook and statistics.”

Based on the tariffs in the place, in 2026, including a 90-day suspension of “mutual tariffs”, “the volume of mutual tariffs is expected to decrease by 0.2% in 2.25.

This year, exports are expected to be especially steep in North America, where exports will be reduced by 12.6%.

The WTO also warned that “mutual negative risks” also warned that “mutual” tariffs and political uncertainty “can lead to mutual reservations in the least-exported, most developed countries.”

Recently, tariff violations are followed by a strong year for world trade in 2024, trade trading increased by 2.9% during this period and increased by 6.8% of trade services.

In 2025, 0.2% decreased in world trade, “Lower Tariff” startup scenarios, marked an important reverse from the beginning of the year, which is expected to improve the macroeconomic conditions of the commercial bodies.

“The forecasts are currently in the introduction of the US-suspended reciprocal tariffs, as well as the extensive spilly of trade policy abroad,” said WTO.

“Tariffs, reciprocal tariffs, reciprocal tariffs (TPUs), the distribution of general risks (TPU), TPU (TPU), TPU’s dissemination and dissemination will cause a 1.5% decrease in 2025.”

Trump amazed Trump trading partners and global markets when Trump has declared “mutual” tariffs from more than 180 countries. Beijing hit the most difficult of the United States, the United States’s imports of Chinese imports are now effectively 145%. China in turn, Washington returned with revenge tariffs Up to 125% to US imports.

Tariffs between China and the United States, CNBC’s Silvia Amaro’s two, Ralph Ossa chief economist will cause a “sharp contraction” of trade, he said.

After the announcement of the tariffs, the wide market turbulence caused a temporary summit with the president last week New tasks on the import of most trading partners will be reduced to 10% in 90 days In order to allow Trade talks With Washington’s counterparts.

WTO, on Wednesday that the impact of the changes in the last trade policy is likely to change the region sharply.

In the correctional forecast, North America is now 1.7 percentage of global goods trade in 2025, turns a negative side of the total figure.

At the same time, Asia and Europe continue to contribute to a positive contribution, but less than the main scenario, the entrance of Asia decreased by 0.6 percent.

The United States is expected to be “significant trade lighting” in the third markets of “significant trading triggers”, the growing competition from China, “Significant trade triggers”.

“Exports of Chinese goods are forecasted to increase from 4% to 9% in all regions outside North America because trade is reconstructed.

According to the OSSA, many WTO members raised the issue of spreading trade.

“But keep in mind that this is really important to keep it on a road, if you think about European companies trying to export cars to the United States, they must find new destinations for these products. Therefore, there are only European goods needed to new customers,” he said.

OSSA added that these effects are important to manage cooperatively.

– CNBC’s Sophie Kiderlin contributed to this report.