WTO improves its world trade projection despite the US tariffs

WTO improves its world trade projection despite the US tariffs

The World Trade Organization projects a growth of 0.9% in 2025 In global trade, promoted by anticipated purchases of American importers before the application of new duty. However, uncertainty continues to affect investments and supply chains worldwide.

Wikipedia

The World Trade Organization (WTO) He reviewed his forecast for the global merchandise trade, despite the tensions generated by the Tariffs imposed by the Trump Administration. According to its latest report, the world exchange will grow a 0.9% in 2025an advance against the fall of 0.2% planned in April.

This positive adjustment is greatly explained by the accelerated purchase of products and raw materials by American importers before the entry into force of the greatest levies.

By 2026, the WTO projects a global trade growth of the 1.8%although this figure is more moderate compared to 2.5% anticipated months ago.

The WTO warns about the risk of a commercial retaliation escalation

“The Tariff uncertainty continues to impact business confidence, investments and supply chains, ”he warned Ngozi Okonjo-Iwealageneral director of the agency. He also highlighted the importance of avoiding a escalation of reprisals that could seriously harm international trade.

From Washington, the policy of reciprocal tariffs It has generated criticism and tensions. The Trump administration has implemented rates against countries that, according to its gaze, fail to comply with the commercial rules in force under the WTOwhich has been supervising norms for 30 years to avoid distortions and privileges in international trade.

Within that framework, the United States commercial representative, Jamieson Gererrecently argued in an article that the current WTO system “is unsustainable” and stressed that the measures taken by their country have guaranteed better access to foreign markets in a few months, something that, he said, was not achieved in years of negotiations.

The dispute raises a complex scenario for the stability of global trade, at a time where world economic recovery still shows signs of fragility.

Source: Ambito

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