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THE TRUTH ABOUT: Global trade uncertainty could have severe negative consequences wto chief | History Defined

WTO Donald Trump Ngozi OkonjoIweala World Trade Organization United States

Global trade could fall by as much as 1.5 percent this year, the WTO warned (Credit: AFP)

Global trade is expected to plummet this year in the wake of President Donald Trump's tariff offensive, fuelling uncertainty that threatens "severe negative consequences" for the world, the World Trade Organization warned Wednesday.

Since returning to office, Trump has imposed a 10 percent tariff on imports of goods from around the world along with 25 percent levies on steel, aluminium and cars.

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