September 2, 2025 7:43 PM
Tariffs cause ‘unprecedented’ disruption to global trade rules, WTO chief says
The share of global trade done on WTO terms has fallen to 72% and could fall further, amid the biggest disruption to the international trading system in the past 80 years, the Director-General of the World Trade Organization said on Tuesday. Since U.S. President Donald Trump started imposing higher import tariffs this year on most of the United States' trading partners, the share of global trade conducted under the WTO's 'most favoured nation' (MFN) terms is down from about 80%, WTO data shows....


