TechET Techabout 1 hour ago
WTO Report Warns of Trade War Costs
1 min read
The WTO's World Trade Report 2026 states global trade is in a 'Prisoner's Dilemma' where countries protecting their own markets through tariffs can trigger retaliation, shrinking trade and raising prices for all. The report warns that geopolitical fragmentation could lower global GDP by 5.1% and exports by 18.6%. A world without the WTO could see global GDP fall 6.9% and exports drop 26.9%.
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