• Kyodo

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The World Trade Organization said Tuesday that growth in global merchandise trade volume is expected to slow to 2.6 percent this year, down from 3 percent last year, amid a tariff war between the United States and China.

“With trade tensions running high, no one should be surprised by this outlook,” WTO Director General Robert Azevedo said in a news release. “Trade cannot play its full role in driving growth when we see such high levels of uncertainty.”

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