Global trade outlook has 'deteriorated sharply' amid Trump tariff uncertainty, WTO warns

  • The World Trade Organization (WTO) warned on Wednesday that the outlook for global trade has "deteriorated sharply" in the wake of President Donald Trump's tariffs regime. "The outlook for global trade has deteriorated sharply due to a surge in tariffs and trade policy uncertainty," the WTO said in its latest "Global Trade Outlook and Statistics" report.