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Harshen Hausa
The World Trade Organisation (WTO) has raised concerns over the potential impact of recent tariff measures announced by the United States, forecasting a 1 per cent contraction in global merchandise trade volumes for 2025.
This represents a sharp downward revision of nearly four percentage points from earlier projections.
In a statement on Thursday, the Director-General of the WTO, Ngozi Okonjo-Iweala, warned that the new US tariffs, introduced on Wednesday, could trigger a broader…
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