World Trade Organization says global trade could slide this year due to tariffs

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World Trade Organization says global trade could slide this year due to tariffs  The World Trade Organization says the volume of trade in goods worldwide is likely to decrease by 0.2% this year due to U.S. President Donald Trump’s shifting tariff policies and a standoff with China, but it would take a more severe hit if Trump carries through on his toughest “reciprocal” tariffs.  READ MORE : http://www.africanews.com/2025/04/16/world-trade-organization-says-global-trade-could-slide-this-year-due-to-tariffs  Subscribe on our Dailymotion channel and receive all the latest news from the continent.    Africanews is available in English and French.  Website : www.africanews.com  Facebook : https://www.facebook.com/africanews.channel/  Twitter : https://twitter.com/africanews

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00:00The volume of global trade is likely to reduce by 0.2% this year according to the World Trade Organization.

00:07The body has linked this to recent US President Donald Trump's shifting tariff policies in a standoff with China

00:13and further warn that global trade might take a more severe hit.

00:17They further warn that trade in goods worldwide will further slam by 1.5% if Trump follows through on his stiffest tariffs on most nations

00:26due to the uncertainty unsettling businesses.

00:30Trump suspended the toughest set of tariffs for 90 days earlier this month,

00:35so more than 70 countries have a chance to address US trade concerns.

00:39Meanwhile, he is increasing taxes on Chinese imports to 145%

00:44and engaging in a lengthy back-and-forth with Canada and Mexico about tariffs on their goods.

00:49.

00:49You

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