Trade Tensions Threaten Global Merchandise Growth ...Middle East

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Trade Tensions Threaten Global Merchandise Growth
The Director-General of the World Trade Organization has issued a critical warning concerning recent trade developments. According to Ngozi Okonjo-Iweala, the tariffs declared by the United States on April 2, alongside measures planned for early 2025, could cause a global merchandise trade contraction of around 1% in 2025.

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