https://www.taxtmi.com/news?id=41158 WTO projects a contraction in world goods trade this year caused by shifting US tariff policies and related tensions, with baseline simulations showing a modest decline and a scenario of the most extensive reciprocal tariffs producing a substantially larger slump; the analysis stresses that tariff escalation and trade policy uncertainty directly reduce exports and weaken economic activity, and that North America faces particularly steep export and import declines even without the toughest tariffs, while a temporary tariff suspension offers negotiation space but does not eliminate the risk to vulnerable economies. en-us Wed, 16 Apr 2025 19:46:03 +0530 Wed, 16 Apr 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41158 WTO projects a contraction in world goods trade this year caused by shifting US tariff policies and related tensions, with baseline simulations showing a modest decline and a scenario of the most extensive reciprocal tariffs producing a substantially larger slump; the analysis stresses that tariff escalation and trade policy uncertainty directly reduce exports and weaken economic activity, and that North America faces particularly steep export and import declines even without the toughest tariffs, while a temporary tariff suspension offers negotiation space but does not eliminate the risk to vulnerable economies. News - Wed, 16 Apr 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=41158