Latest news with #WorldTradeOrganisation
Malaysiakini
a day ago
- Business
- Malaysiakini
World goods trade rebounds in anticipation of US tariffs
World goods trade increased sharply in early 2025 in anticipation of US tariffs, but weakening export orders suggest the momentum may not be sustained, the World Trade Organisation (WTO) Goods Trade Barometer showed, reported Sputnik/RIA Novosti. The WTO Goods Trade Barometer is a leading indicator of world trade that provides real-time information on the dynamics of goods trade in line with recent trends. Barometer readings above 100 are associated with above-trend trade volumes, while barometer readings below 100 suggest that merchandise trade has fallen below trend or will fall in the near future.
New Straits Times
a day ago
- Business
- New Straits Times
World goods trade rebounds in early 2025 in anticipation of US tariffs
MOSCOW: World goods trade increased sharply in early 2025 in anticipation of US tariffs, but weakening export orders suggest the momentum may not be sustained, the World Trade Organisation (WTO) Goods Trade Barometer showed, reported Sputnik/RIA Novosti. The WTO Goods Trade Barometer is a leading indicator of world trade that provides real-time information on the dynamics of goods trade in line with recent trends. Barometer readings above 100 are associated with above-trend trade volumes, while barometer readings below 100 suggest that merchandise trade has fallen below trend or will fall in the near future. "Global goods trade posted a strong uptick in early 2025 driven by importers frontloading purchases ahead of anticipated higher tariffs; however, weakening export orders suggest that this momentum may not be sustained. "The latest WTO Goods Trade Barometer rose to 103.5 — up from 102.8 in March, while the forward-looking new export orders index fell to 97.9, pointing to weaker trade growth later in the year," the organisation said on Thursday. On April 2, US President Donald Trump signed an executive order that implemented reciprocal tariffs on imports from various countries. The base tariff rate was established at 10 per cent, with higher rates applied to 57 countries based on the US trade deficit with each specific nation. On April 9, Trump declared that a baseline tariff of 10 per cent would be imposed for 90 days on over 75 countries that had not retaliated and had requested negotiations.
Economic Times
2 days ago
- Business
- Economic Times
Worse trade outcomes possible if uncertainty spreads globally, warns WTO
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: Global goods trade posted a strong uptick in early 2025 but weakening export orders suggest that this momentum may not be sustained, the World Trade Organisation ( WTO ) Thursday said in its Goods Trade Barometer . The uptick was driven by importers frontloading purchases ahead of anticipated higher barometer rose to 103.5 up from 102.8 in March while the forward-looking new export orders index fell to 97.9 pointing to weaker trade growth later in the year. The barometer is a composite leading indicator for world trade, providing real-time information on the trajectory of merchandise trade relative to recent growth in the world merchandise trade turned positive the fourth quarter of 2023 and strengthened in 2024 as falling inflation and lower interest rates boosted real incomes and consumption.'Year-on-year trade growth eased in the fourth quarter of 2024 but new trade volume indices set for release in July areexpected to show a rebound in Q1,' WTO Global Trade Outlook and Statistics report of April predicted stable merchandise trade growth of 2.7% in 2025 under a low-tariff baseline scenario, and a decline of 0.2% in an adjusted forecast reflectinghigher tariffs and rising trade policy uncertainty 'Policy shifts since April have nudged the forecast up and down, but worse outcomes are still possible if uncertainty spreads globally,' it said.
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Business Standard
2 days ago
- Business
- Business Standard
Global trade rebound may fade as export orders lose momentum, warns WTO
Global goods trade saw a notable rise in early 2025, but the outlook for the rest of the year remains subdued, the World Trade Organisation (WTO) said on Thursday. According to the WTO's latest Goods Trade Barometer, the index rose to 103.5 from 102.8 in March, signalling above-trend trade volumes. The increase was largely driven by importers accelerating purchases in anticipation of higher tariffs. However, the WTO cautioned that the momentum may be short-lived. Its forward-looking new export orders index fell to 97.9, indicating that trade growth could slow in the months ahead. The barometer is a composite leading indicator that provides real-time insights into global merchandise trade trends. Values above 100 suggest stronger-than-average growth, while those below 100 imply weakness. The organisation also maintained its forecast of flat merchandise trade growth at just 0.1 per cent for the year. It warned that global trade could contract if the United States reinstates "reciprocal tariffs" or if policy uncertainty spreads more broadly. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
2 days ago
- Business
- Time of India
Worse trade outcomes possible if uncertainty spreads globally, warns WTO
New Delhi: Global goods trade posted a strong uptick in early 2025 but weakening export orders suggest that this momentum may not be sustained, the World Trade Organisation ( WTO ) Thursday said in its Goods Trade Barometer . The uptick was driven by importers frontloading purchases ahead of anticipated higher tariffs. The barometer rose to 103.5 up from 102.8 in March while the forward-looking new export orders index fell to 97.9 pointing to weaker trade growth later in the year. The barometer is a composite leading indicator for world trade, providing real-time information on the trajectory of merchandise trade relative to recent trends. Year-on-year growth in the world merchandise trade turned positive the fourth quarter of 2023 and strengthened in 2024 as falling inflation and lower interest rates boosted real incomes and consumption. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Articles Vally Undo 'Year-on-year trade growth eased in the fourth quarter of 2024 but new trade volume indices set for release in July are expected to show a rebound in Q1,' WTO said. Live Events The Global Trade Outlook and Statistics report of April predicted stable merchandise trade growth of 2.7% in 2025 under a low-tariff baseline scenario, and a decline of 0.2% in an adjusted forecast reflecting higher tariffs and rising trade policy uncertainty . 'Policy shifts since April have nudged the forecast up and down, but worse outcomes are still possible if uncertainty spreads globally,' it said.
