WTO hikes 2025 trade growth outlook but tariffs to bite in 2026

GENEVA, Switzerland — The World Trade Organization (WTO) announced on Tuesday that global merchandise trade growth in 2025 has been significantly bolstered by increased demand for AI-related goods and a surge in exports to the United States ahead of President Donald Trump’s tariff hikes. However, the organization cautioned that the outlook for 2026 appears grim as the full impact of these tariffs begins to take effect.