💨 Abstract

The World Trade Organisation (WTO) predicts a 0.2% decline in global merchandise trade in 2025 due to high tariffs imposed by the US and China. This could potentially worsen to a 1.5% decline if tensions escalate. This forecast may negatively impact India's aim to reach $2 trillion in goods and services exports by 2030.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖