Global trade outlook has 'deteriorated sharply' amid Trump tariff uncertainty, WTO warns
1. WTO warns of sharply deteriorating global trade outlook due to tariffs. 2. World merchandise trade projected to decline by 0.2% in 2025. 3. North American exports forecast to drop by 12.6% this year. 4. U.S. reciprocal tariffs could worsen global trade by additional 1.5%. 5. China's exports expected to rise by 4% to 9% as trade shifts.