The World Trade Organisation (WTO) says the volume of trade in goods worldwide is likely to decrease by 0.2% this year due to US President Donald Trump's shifting tariff policies and a standoff with China, but it would take a more severe hit if Trump carries through on his toughest "reciprocal" tariffs.
The decline in trade will be particularly steep in North America even without the stiffest tariffs, the global trade forum said Wednesday, with exports there this year expected to fall by 12.6% and imports by 9.6%.
