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Why can no one win a trade war? WTO warns tariffs and trade blocs could hurt everyone
The World Trade Organization released a report warning that escalating trade wars and the rise of competing trade blocs could cut global GDP by up to 6.9% and shrink exports by nearly 27% by 2050. The analysis highlights that fragmented trade would hurt all economies, especially the poorest nations, while stronger multilateral cooperation could boost growth.
Livemint Indian Economy & Policy
15 Sept 2026
tradeWTOglobal economy