
WTO expresses concern over Trump’s tariff policies
The recent tariff announcements by US President Donald Trump will have substantial implications for global trade and economic growth prospects, Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation (WTO).
In a statement, she said while the situation is rapidly evolving, our initial estimates suggest that these measures, coupled with those introduced since the beginning of the year, could lead to an overall contraction of around 1% in global merchandise trade volumes this year, representing a dow...
