WTO warns US-China trade escalation could slash global GDP by 7%
The :contentReference[oaicite:0]{index=0} Director-General warned that an escalation of U.S.–China trade tensions, including rare-earth export curbs and retaliatory tariffs, could reduce global GDP by up to 7% over the long run. The warning comes as the WTO downgraded its 2026 trade growth forecast to 0.5%. Officials urged both countries to adopt cooperative trade policies and emphasised reforms to enhance the organisation’s ability to manage modern trade flows in services, green goods and digital commerce.
cautious
1 day ago
WTO warns US-China trade escalation could slash global GDP by 7%
The :contentReference[oaicite:0]{index=0} Director-General warned that an escalation of U.S.–China trade tensions, including rare-earth export curbs and retaliatory tariffs, could reduce global GDP by up to 7% over the long run. The warning comes as the WTO downgraded its 2026 trade growth forecast to 0.5%. Officials urged both countries to adopt cooperative trade policies and emphasised reforms to enhance the organisation’s ability to manage modern trade flows in services, green goods and digital commerce.
cautious
WTO warns US-China trade escalation could slash global GDP by 7%
1 day ago
1 min read
73 words
WTO cautions that deepening US-China trade war may cut global GDP by up to 7%.
The :contentReference[oaicite:0]{index=0} Director-General warned that an escalation of U.S.–China trade tensions, including rare-earth export curbs and retaliatory tariffs, could reduce global GDP by up to 7% over the long run. The warning comes as the WTO downgraded its 2026 trade growth forecast to 0.5%. Officials urged both countries to adopt cooperative trade policies and emphasised reforms to enhance the organisation’s ability to manage modern trade flows in services, green goods and digital commerce.
The :contentReference[oaicite:0]{index=0} Director-General warned that an escalation of U.S.–China trade tensions, including rare-earth export curbs and retaliatory tariffs, could reduce global GDP by up to 7% over the long run. The warning comes as the WTO downgraded its 2026 trade growth forecast to 0.5%. Officials urged both countries to adopt cooperative trade policies and emphasised reforms to enhance the organisation’s ability to manage modern trade flows in services, green goods and digital commerce.