Temporary tariff pause mitigates trade contraction, but strong downside risks persist: WTO
Apr 17, 2025
Geneva [Switzerland], April 17: The volume of world merchandise trade is expected to decline by 0.2% in 2025 under current conditions, nearly three percentage points lower than what would have been expected under a "low tariff" baseline scenario, according to the WTO Secretariat's latest Global Trade Outlook and Statistics report released on 16 April.
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