Asia-Pacific maritime trade remains the backbone of global flows
December 4, 2025
The outlook for global trade has deteriorated sharply due to a surge in tariffs and trade policy uncertainty (TPU). Based on measures in place as of 14 April, including the suspension of “reciprocal tariffs” by the United States, the volume of world merchandise trade is now expected to decline by 0.2% in 2025 before posting a modest recovery of 2.5% […]
