The WTO lowered its forecast for global GDP growth in 2025 due to duties from 2.8% to 2.2%

The World Trade Organization (WTO) has cut its forecast for global GDP growth this year due to duties to 2.2% from 2.8%. This follows from the report of the organization "Prospects and statistics of world trade".

It is noted that the global trade model indicates a downward adjustment in global production as a result of the introduction of new duties and increased uncertainty in trade policy.

"The baseline forecast assumed that global GDP growth at market exchange rates would remain at 2.8% in 2025 and then decline to 2.6% in 2026. After adjustment, GDP growth in 2025 should reach 2.2%, which is 0.6 percentage points lower than the baseline forecast," the text says.

In 2026, according to the document, growth should remain at 2.4%, which is 0.2 percentage points lower than the baseline forecast.

Trade war: The US increased duties on China to 104%

The Chinese authorities have already announced that they will take drastic measures in response to the tariffs of the American leader.

Earlier, on April 9, WTO Director General Ngozi Okonjo-Iweala did not rule out the fragmentation of world trade against the background of mutual duties between the United States and China, which, in turn, could lead to a reduction in global real GDP. She added that the tit-for-tat approach between the world's two largest economies, which together account for about 3% of global trade, has broad implications for global economic prospects.

On April 2, US President Donald Trump announced large-scale trade measures: base tariffs of 10% are being introduced for all products supplied to the United States. For the EU, this figure has been raised to 20%, and for China — to 34%. Later, the United States raised duties against China to 104%. Later, on April 9, the American leader announced that the United States would immediately raise trade duties on China to 125%.