51�Թ�

The World Trade Organization said on Wednesday that global trade will shrink as a result of the tariffs while the International Monetary Fund downgraded its predictions for growth because of them.

In addition to his first-term tariffs, Trump also filed a formal World Trade Organization case against China, alleging deceptive trade practices and intellectual property theft.

India's stands at a whopping 12%, according to data from the World Trade Organization.

Trump appeared to have been referring to the World Trade Organization’s statistics on average tariff rates that governments apply to trading partners designated as “most-favored nations.”

Bailey called for trade disputes to be settled via the World Trade Organization, rather than thrashed out between the US and other countries.