The World Trade Organisation (WTO) expects world trade to grow by 0.9% this year, better than expected in April. US imports surged in the first quarter as a result of Donald Trump's tariff announcements. Imports to the US rose by 11% in the first half of the year compared with the same period last year, the organisation said in Geneva on Friday. American companies rushed to buy goods from their foreign partners amid uncertainty over the situation following the three-month pause in tariffs decreed by the US President. +Get the most important news from Switzerland in your inbox "World trade has shown resilience" in the face of disruption, "including recent tariff increases", said WTO Director-General Ngozi Okonjo-Iweala. "The full impact of recent tariff measures, however, has yet to be felt," she added. In April, in the midst of the trade war between the United States and China, the WTO was predicting a 0.2% contraction in world trade this year. However, the new tariffs are expected ...
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WTO improves its world trade forecast thanks to Trump’s tariffs
Published on August 9, 2025
Permanent link to this article: https://snbchf.com/2025/08/wto-improves-world-trade-forecast-trump-tariffs/
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