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WTO: Trump Tariffs to Shrink Global Trade by 0.2% in 2025

  • #Money
  • #Politics
  • #United States of America
WTO: Trump Tariffs to Shrink Global Trade by 0.2% in 2025
story
APR 16
Above: A globe with a U.S. flag with the inscription "tariffs" planted on it. Image copyright: Joel Saget/Contributor/AFP via Getty Images
story last updated APR 17

The Spin

Pro-Trump narrative

The Trump administration's options are limited, given that the Biden administration left the U.S. a giant fiscal mess. Trump's tariffs will help bring manufacturing back to the U.S., boost the domestic economy, and address the trade imbalances that have led to overdependence on specific markets, particularly in critical sectors like semiconductors. Trump's trade policy isn't a fiscal policy; it's a fiscal necessity, a detox for the overheated financial system.

New York PostFOX News

Anti-Trump narrative

Trump's so-called America First strategy will make everything more expensive for ordinary Americans and small businesses. His protectionist measures will backfire by impairing global economic growth, disrupting supply chains, and particularly impacting vulnerable developing economies. Soaring U.S. tariffs and broader trade policy uncertainty would hammer international commerce, sharply deteriorate global trade, and potentially trigger a global recession.

New York TimesThe Hill

Metaculus Prediction


Public Figures

Donald Trump


The Controversies


UNLIKELYLIKELY
Status:Open
Will There Be a US-China War?
Controversy
APR 17APR 17

NO TIME SOONSOON
Status:Open
Will China's GDP Overtake the US, And If So When?
Controversy
APR 17APR 17

UNLIKELYLIKELY
Status:Open
Will the Proposed Trump Tariffs Increase the Price of Groceries/Goods/Services?
Controversy
APR 17APR 17

UNLIKELYLIKELY
Status:Open
Will the US Go into Recession in 2025?
Controversy
APR 17APR 17

Articles on this story

Here's what Trump is really up to with high-stakes tariff gambit
FOX NewsAPR 11
Trump’s tariffs aim to reset global trade — and boost America’s workers
New York PostAPR 11
Global trade outlook has 'deteriorated sharply' amid Trump tariff uncertainty, WTO warns
CNBCAPR 11
Wto Slashes Outlook For Global Trade On Trump Tariff Disruption
BloombergAPR 11
Trump tariffs will send global trade into reverse this year, warns WTO
GuardianAPR 11
Bank Canada Says Us Tariffs Could Trigger Deep Recession 2025 04 16
ReutersAPR 11
Wto Sees Fall In Trade Flows Warns Against Spreading Conflict B22339C
Wall Street JournalAPR 11