Charlotte Edwards Business reporter, BBC News Getty Images The World Trade Organization (WTO) has forecast that global trade will fall this year because of US President Donald Trump’s tariffs. It added “severe downside risks”, including reciprocal tariffs and political uncertainty, could lead to an even sharper decline in global goods trade. “The decline is expected…
Cargo ships and containers at Qingdao port in eastern China’s Shandong province on Dec. 4, 2024. Stringer | Afp | Getty Images The World Trade Organization (WTO) warned on Wednesday that the outlook for global trade has “deteriorated sharply” in the wake of U.S. President Donald Trump’s tariffs regime. “The outlook for global trade has…
A packet of antibiotics and various other medicines on a table in a pharmacy. Picture Alliance | Picture Alliance | Getty Images Europe’s pharmaceutical firms are rushing to prepare for the potential fallout of U.S. import duties, with some forming “tariff taskforces,” even as analysts warn that levies on the sector could break global trade…
Natalie Sherman & Jonathan Josephs BBC News Getty Images China has accused the US of making “unfounded and false allegations” about its role in the fentanyl trade to justify tariffs on Chinese products. The complaint was lodged with the World Trade Organization (WTO) one day after US President Donald Trump raised border taxes on Chinese…
Workers producing pure electric vehicles at a Volkswagen (Anhui) workshop in Hefei, China, on Sept. 25, 2024. Cfoto | Future Publishing | Getty Images Beijing will avoid escalation of its dispute with the European Union over tariffs on its electric vehicles, industry watchers said, a day after China again approached the World Trade Organization for…
