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Trump Tariffs Could Cause Global Trade Drop By 1% In 2025 Warns WTO

swamyworld1 year ago03 mins

[ad_1] US President Donald Trump’s worldwide tariff salvo could lead to an overall contraction of around 1 percent in global merchandise trade volumes this year, the WTO chief warned Thursday. After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures would “have substantial implications…

Canada Launches WTO Complaint On US Steel, Aluminium Tariffs

swamyworld1 year ago03 mins

[ad_1] Ottawa: Canada launched a complaint with the World Trade Organization on Thursday over US President Donald Trump’s across-the-board imposition of 25-percent tariffs on steel and aluminium imports. The steep levies, which came into force on Wednesday, contained no exemptions despite countries’ efforts to avert them. “Canada has requested WTO dispute consultations with the United…