U.S. meets Japanese delegation as WTO lowers global trade forecast
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U.S. President Donald Trump stated yesterday during an interview with Fox Noticias that the trade and political tensions between the U.S. and China may force countries to isolate Beijing — from a commercial standpoint. Furthermore, as reported by the *Wall Street Journal*, during tariff negotiations, Trump plans to implement much less severe duties for countries that choose to isolate China commercially.
Following the recent escalation of the trade war, the Chinese government has sought to strengthen its relations with other trade partners, including the European Union, in an effort to expand its market and bypass U.S. tariffs.
Meanwhile, the Chinese government has stated that before any possible trade negotiation with the White House can take place, several conditions must be met — such as a more diplomatic and respectful approach from U.S. officials, greater consistency in the Trump administration’s policies, and a willingness to discuss the China-Taiwan issue. In addition, Beijing has also requested the appointment of a U.S. intermediary to help lay the groundwork for a potential agreement between Xi Jinping and Trump.
Today, the World Trade Organization (WTO) released an update to its global trade forecasts for 2025, expressing serious concerns about the macroeconomic consequences of U.S. tariffs on the global economy. The volume of merchandise trade is expected to decline by 0.2% this year, with a slight recovery in 2026 (+2.5%). However, economists estimate that a possible reintroduction of U.S. tariffs — currently suspended — along with ongoing geopolitical uncertainties, could reduce global trade growth by 1.5% in 2025.
Following the recent escalation of the trade war, the Chinese government has sought to strengthen its relations with other trade partners, including the European Union, in an effort to expand its market and bypass U.S. tariffs.
Meanwhile, the Chinese government has stated that before any possible trade negotiation with the White House can take place, several conditions must be met — such as a more diplomatic and respectful approach from U.S. officials, greater consistency in the Trump administration’s policies, and a willingness to discuss the China-Taiwan issue. In addition, Beijing has also requested the appointment of a U.S. intermediary to help lay the groundwork for a potential agreement between Xi Jinping and Trump.
Today, the World Trade Organization (WTO) released an update to its global trade forecasts for 2025, expressing serious concerns about the macroeconomic consequences of U.S. tariffs on the global economy. The volume of merchandise trade is expected to decline by 0.2% this year, with a slight recovery in 2026 (+2.5%). However, economists estimate that a possible reintroduction of U.S. tariffs — currently suspended — along with ongoing geopolitical uncertainties, could reduce global trade growth by 1.5% in 2025.