WTO raises global trade growth forecast this year, decreases for 2026 Related news
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ISTANBUL The World Trade Organization (WTO) raised its forecast for global trade growth this year to 0.9% on Friday, warning that the US' high tariffs will put pressure on trade in 2026. The previous WTO report, published following US President Donald Trump's "Independence Day" tariff announcements on April 2, predicted that tariffs would cause global trade to contract by 0.2% this year. This forecast was significantly lower than the WTO's estimate of 2.7% growth before tariffs were imposed.
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