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Potential shifts in US trade policy to affect trade in 2025: Unctad
December 06, 2024
|Business Standard
Potential shifts in the US trade policy to a more protectionist one, inward-looking industrial policies in many countries, threat of renewed and expanded trade wars along with ongoing geopolitical tensions are set to negatively influence international trade in 2025, a report released on Thursday said.
Although moderating global inflation, stable economic growth forecasts and improving business activity point to continued positive momentum in global trade for early 2025, the trend is expected to face challenges, United Nations Trade and Development (Unctad) said in its report on Global Trade Update.
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