Trade forecast: WTO sees 0.9% growth in 2025; Asia to lead as North America lags
Friday, 8 August 2025 () Global merchandise trade is projected to grow by 0.9% in 2025, spurred by a surge in US imports anticipating tariff hikes, the WTO reports. However, the organization cautions that these higher duties will significantly impact trade in 2026. The WTO revised its 2025 trade growth estimate to 1.8%, down from 2.5%, citing policy uncertainty and escalating tariffs.
Chinese Ambassador to India Xu Feihong sharply criticizes former President Trump’s aggressive tariff policies, calling him a “bully” using trade warfare to dominate global markets. With India’s..
In a high-stakes meeting amid growing trade hostilities, U.S. Secretary of State Marco Rubio met Chinese Foreign Minister Wang Yi in Kuala Lumpur during the East Asia Summit. This marked Rubio's first..
In a major international development, former U.S. President Donald Trump has announced a sweeping 30% tariff on all goods imported from South Africa, set to begin on August 1. In a letter, Trump..
Friday, 8 August 2025 ()
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