The value of global trade has only been magnified by recent turmoil, according to this chief economist, and globalisation will likely thrive as it takes on new forms and patterns.
US-China reach a fragile trade truce with tariff cuts and renewed talks, but deep structural tensions and strategic rivalry continue to cloud the outlook.
The World Trade Organization (WTO) World Trade Report 2024 explores the complex interlinkages between trade and inclusiveness across and within economies.
Top international trade stories: US tariff escalation and global responses; Traders race to beat Trump's 50% copper tariff; Global oil market tighter than it looks, warns IEA.
In turbulent times, trade adapts and keeps the world going, benefiting consumers and strengthening economies. Trade is once again under pressure amid growing political polarization, economic uncertainty and rising protectionism. Trade facilitation is key to helping trade to adapt by removing the unnecessary obstacles that slow down legitimate flows.
Top international trade stories: Global trade set to decline in 2025, WTO says; Tariffs take centre stage at IMF–World Bank Spring Meetings; US stocks slide on renewed Fed criticism and trade worries.
In recent months, the US and China engaged in a tit-for-tat trade dispute. Yet after negotiations, both sides agreed to lower recent tariffs and continue talks.
