Hold onto your avocados, global trade just got a plot twist 🥑💥 The WTO and IMF dropped new reports this week warning that Trump-era tariffs could shrink global trade and leave America playing catch-up. According to the IMF, world growth may dip to 2.8% in 2025, while the WTO predicts global merchandise trade could decline for the first time in years 📉
Here’s the tea: The U.S., which started the tariff frenzy, might take the hardest hit. IMF data shows North America’s imports could plummet 12.6% next year ⚠️ Meanwhile, experts say the U.S. economy’s 2025 growth forecast got slashed by nearly a full percentage point. Frankfurter Zeitung put it bluntly: “The US is not that important” anymore 🌐
Why the shift? Analysts point to two big factors:
- 🇺🇸 The U.S. no longer dominates global trade like it once did
- 💼 High tariffs are redirecting trade flows to other markets
From Argentina’s Clarin to German media, critics argue Trump’s “America First” approach might actually leave the U.S.…well, last. As supply chains evolve, will Washington’s trade wars turn into a self-inflicted slowdown? 🚨 Stay tuned.
Reference(s):
cgtn.com