US Tariffs Cause $5.4T Stock Loss, Crypto Hit
- The WTO has downgraded its global trade growth forecast for 2025.
- Escalating tariffs are a significant factor contributing to this downturn.
- Trade tensions between major economies are impacting global supply chains.
- Small and vulnerable economies are facing the brunt of these trade disruptions.
- Urgent policy measures are needed to stabilize the global trading environment.
WTO Reports Deteriorating Global Trade Outlook Amid Rising Tariffs
The World Trade Organization (WTO) has recently released a report indicating a significant downgrade in its global trade growth forecast for 2025. This alarming trend is primarily attributed to escalating tariffs and ongoing trade tensions between major economies.
According to the WTO, the rise in tariffs has not only affected trade volumes but has also disrupted global supply chains, leading to increased costs for businesses and consumers alike. The report highlights that small and vulnerable economies are particularly at risk, as they often lack the resources to adapt to these changes.
In light of these developments, the WTO urges policymakers to take urgent measures to stabilize the global trading environment. Without prompt action, the consequences could be severe, affecting economic growth and development worldwide.
