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The volume of global merchandise trade is projected to decline by 0.2% in 2025 under current conditions, nearly three percentage points lower than the WTO’s baseline scenario assuming low tariffs, according to the World Trade Organization’s (WTO) Global Trade Outlook and Statistics report released on April 16.

U.S. President Trump’s tariffs have sparked a global trade clash, with China, the EU, and others retaliating. Here’s how the world is countering his tariff moves

Panama, one of the world’s wettest countries, is grappling with an alarming drought that has cast a shadow over global trade. The shortage of rainfall has led to critically low water levels in the iconic Panama Canal, causing significant disruptions to international shipping routes.