WTO Sees Less Severe Global Trade Slowdown Amid US Front-Loading

The World Trade Organization predicted subdued global merchandise trade this year and next, saying activity remains clouded by President Donald Trump’s tariffs on US imports, while lifting its estimate for 2025.

After a 2.9% gain in 2024, global goods trade will increase by 0.9% this year, compared with an April forecast for a 0.2% decline, the Geneva-based trade body said in a report Friday. The upward revision was attributed to a rush by American importers to stockpile products, parts and raw materials before the bulk of Trump’s higher levies took effect.

The WTO said that next year, goods trade ...