The decline in trade will be particularly steep in North America even without the stiffest tariffs, the global trade forum said Wednesday, with exports there this year expected to fall by 12.6% ...

Carlos Barria/Reuters The calculations for almost all of the tariffs was determined by dividing trade deficit of each nation with the value of its imports, according to economic experts' analysis.

Global trade will go into reverse this year as a result of the tariff war launched by US president Trump, according to a report issued yesterday by the World Trade Organisation. The WTO said the ...