The volume of World Trade of merchandise will fall 0.2 % in 2025, compared to a growth of 2.7 % that had been planned before the start of the Commercial War launched by the United States government, the World Trade Organization said Wednesday (WTO).
Reciprocal tariffs
This estimate does not consider the probable application – after the 90 -day break agreed by President Donald Trump – calls “reciprocal tariffs“, which would shoot exports to the US and lead to the US international trade to a contraction of up to -1.5 %.
“” The uncertainty that persists threatens to act as a brake for global growth, with serious negative consequences for the world, especially for the most vulnerable economies. “”WTO general director.
China appoint a new commercial representative
China appointed a new representative for its commercial negotiations on Wednesday Tariff war With the US, which imposed a total tax of 145 % on Chinese imports while Beijing raised their own over US assets up to 125 %.
- The country’s Ministry of Human Resources and Social Security reported today in a brief statement from the appointment of Li Chenggang, replacing Wang Shouwen, who had participated in commercial negotiations with the United States during Donald Trump’s first term.
Li, 58 and who will also be Deputy Minister of Tradehas decades of experience in the management of international negotiations and has previously been ambassador to the Asian country before the World Trade Organization (WTO), based in Geneva.
The commercial war Unleashed by Trump he intensified on April 2 with the announcement of “reciprocal tariffs“For the rest of the world, a measure that rectified a week later before the falls of the markets and the increase in US debt financing.
