WTO Warns of Potential Global Economic Decline Due to U.S. Tariff Changes

According to Odaily, the World Trade Organization (WTO) has highlighted potential risks to the global economic outlook, including the possibility of the United States reinstating 'reciprocal tariffs.' If the U.S. increases tariffs, the global economy could face a 1.5% decline in 2025, accompanied by spillover effects. Consequently, the WTO has revised its forecast for global merchandise trade growth in 2025 from an initial 3.0% to -0.2%.