WTO Report Highlights Severe Global Trade Disruptions

The World Trade Organization's annual report warns of the most significant and prolonged global trade disruptions in recent history. Geopolitical fragmentation and challenges to trading rules are cited as key factors, potentially leading to a 5% reduction in global GDP and an 18.6% drop in exports by 2050. New tariffs and trade restrictions now affect 11% of global imports, a 15-year high.