https://www.taxtmi.com/news?id=39681 US announcement of broad import tariffs is being closely monitored by the WTO Secretariat, which estimates these measures, together with recent actions, could cause about a one per cent contraction in global merchandise trade and reduce the share of commerce conducted under Most-Favored-Nation terms. The Secretariat warns of trade diversion and the risk of retaliatory escalation, urging members to manage pressures responsibly to prevent wider trade tensions and to safeguard WTO-based market access. en-us Thu, 03 Apr 2025 22:16:03 +0530 Thu, 03 Apr 2025 22:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39681 US announcement of broad import tariffs is being closely monitored by the WTO Secretariat, which estimates these measures, together with recent actions, could cause about a one per cent contraction in global merchandise trade and reduce the share of commerce conducted under Most-Favored-Nation terms. The Secretariat warns of trade diversion and the risk of retaliatory escalation, urging members to manage pressures responsibly to prevent wider trade tensions and to safeguard WTO-based market access. News - Thu, 03 Apr 2025 22:16:03 +0530 https://www.taxtmi.com/news?id=39681