
U.S. Tariffs Threaten Global Trade Growth: WTO Alert
The World Trade Organization (WTO) has issued a warning about the impact of U.S. tariffs on global trade growth, revising its forecast for global commercial services trade growth down to just 4% for 2025. This decline is raising concerns about reduced demand, particularly from the U.S., as economic uncertainty looms. Federal Reserve Chair Jerome Powell highlighted that businesses and households are feeling anxious about the future due to significant policy changes, which may lead to higher unemployment and inflation. For countries like India, which is a major exporter of services, the WTO's downgraded forecast poses challenges, particularly for companies like TCS and Wipro that depend on global markets.