The European Commission opposes Trump’s reciprocal trade policy, warning it could disrupt markets, fuel inflation, and harm businesses, vowing to protect EU industries from unfair tariffs.
WTO forecasts global merchandise trade growth of 2.7% in 2024 and 3.0% in 2025, citing easing inflation, declining interest rates, and risks from geopolitical tensions.
The WTO’s 2024 World Trade Report highlights the crucial role of trade in narrowing income gaps and fostering economic inclusiveness, urging global cooperation for shared prosperity.
