Economics

Global Goods Trade Hit by Tensions and Rising Tariffs, WTO Says

Trade conflicts are taking a toll on global export orders
The WTO slashed global trade growth projections for 2019

Shanghai's Yangshan Deepwater Port Following U.S. And China's First Day of Trade Talks — Photographer: Qilai Shen/Bloomberg

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By Bryce Baschuk

November 18, 2019 at 10:23 AM UTC

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Global trade in goods will likely remain below trend through the current quarter due to heightened tensions and rising tariffs in key sectors, according to a World Trade Organization report.