WTO raises global trade forecast as AI boom offsets other disruptions
Trade in goods is expected to grow 3.9% in 2026 even as conflict-related disruptions weaken trade in services.
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Trade in goods is expected to grow 3.9% in 2026 even as conflict-related disruptions weaken trade in services.
Lula assails Security Council inaction before Trump defends his decision to start Iran war as leaders meet in New York.
The new duties recast forced labor as a trade issue, but critics question the legal rationale and their likely effectiveness.
Failure to extend the e-commerce moratorium underscores divisions over digital trade and the limits of consensus.
The bloc committed to tripling renewable energy capacity globally and working towards U.N. Security Council reform.
The outcome could test the stability of global trading and compound the crisis at the World Trade Organization.
At APEC, China pushed to create a new rules-based global organization on AI, possibly headquarted in Shanghai.
In response to global trade uncertainties, ministers reaffirmed their commitment to rules-based trading with WTO at its core.
The agreement also includes robust transparency requirements and a dedicated committee on compliance.
Nations and organizations are watching to see if the legal foundation for the administration's trade deals will hold.
The action is expected to impact operations and funding of international organizations that rely on U.S. contributions.
Asian economies are projected to remain the largest positive driver of world merchandise trade volume growth in 2025.
The U.S. tariffs for about 90 countries further undermine the global trade system led by the World Trade Organization.
The Trump administration argued the political branches, not courts, 'make foreign policy and chart economic policy.'
Both sides moved to suspend most tariffs on each other's goods after an intense weekend of Swiss-hosted negotiations.
China requested World Trade Organization-led dispute consultations over Trump's tariffs, now as high as 145%.