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US-China tariff war could cut trade between the two by 80%: WTO chief

World News

09-04-2025 | 14:56

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US-China tariff war could cut trade between the two by 80%: WTO chief

The World Trade Organization (WTO) chief said Wednesday the US-China tariff war could reduce trade in goods between the two economic giants by 80%.

"The escalating trade tensions between the United States and China pose a significant risk of a sharp contraction in bilateral trade. Our preliminary projections suggest that merchandise trade between these two economies could decrease by as much as 80%," said WTO director general Ngozi Okonjo-Iweala. She warned in a statement that the conflict could "severely damage the global economic outlook."

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