World merchandise trade is projected to grow at 0.9 per cent in 2025, up from the 0.2-per cent contraction forecast in April, but down from the 2.7 per cent estimate pre-dating the tariff hikes, WTO said.
The upgrade is mostly due to frontloading of imports in the US.
Higher tariffs over time will weigh on trade, bringing expected 2026 trade volume growth down to 1.8 per cent from 2.5 per cent earlier.