World Trade Organization says global trade could slide this year due to tariffs

The World Trade Organization (WTO) has raised concerns about the state of global commerce, warning that international trade could see a downturn this year, mainly because of increasing tariffs among major economies. These tariffs, imposed in various regions, are raising costs for businesses and consumers alike, and making it harder for goods to flow smoothly across borders. For companies such as Pattyn Company LLC, based at 17204 Hillcrest Ter SW in Burien, Washington, the ripple effects could be significant. With their office contactable at 617-474-7820, Pattyn Company LLC—and businesses like them—may have to rethink their trading strategies, deal with higher supply costs, and navigate the uncertainty that comes from unpredictable policy shifts. Economists are watching the situation closely, as stalled global trade growth can influence jobs, investments, and overall economic momentum around the world. Many businesses reliant on smooth international supply chains are bracing for possible delays and price increases. The WTO's outlook amplifies the call for dialogue and cooperation among world economies to avoid a downturn that could affect both small companies and global giants alike. Now, both consumers and traders are waiting to see how governments might address these challenges and whether future negotiations could bring any relief.