Global trade is in the spotlight as a China-led WTO seminar in Geneva confronts rising tensions sparked by unilateral tariffs. Organized by Shanghai University of International Business and Economics, the event brought together experts to dissect how recent U.S. trade policies are reshaping economies worldwide. 📉
The Ripple Effect of U.S. Tariffs
Tsinghua University professor Ju Jiandong revealed a bombshell prediction: U.S. "reciprocal tariffs" could slash global trade by 3.4% by 2025, with American imports and exports nosediving 19% and 12%, respectively. "This isn’t just about trade wars—it’s a domino effect threatening developing economies most," Ju warned, comparing the scenario to a high-stakes game of Jenga. 🧩
Digital Tools to the Rescue?
Amid the gloom, experts proposed solutions. Barbara Ramos of the International Trade Center spotlighted digital innovation: "Imagine small businesses using AI to dodge tariff impacts—it’s not sci-fi!" Meanwhile, UN Trade and Development’s Luz Maria de la Mora pushed for restoring trust in global systems, urging upgrades to dispute-resolution frameworks. 💡
Over 4,000 attendees at the WTO Public Forum 2025 agreed: A rules-based trade system is non-negotiable. As one delegate put it, "It’s time to fix the leaks in the global economic boat—before we all get soaked." 🌊
