World Trade Expanding Amid Deep Uncertainty

The World Trade Organization says world trade is on track to expand 2.4% this year, although there is “deep uncertainty” about economic and policy developments in the United States.  The WTO said clarity is needed on President Trump’s trade policies.

The WTO pushed against trade protectionism in comments as a spokesperson said: "we should see trade as part of the solution to economic difficulties, not part of the problem."

Trump has already removed the U.S. from the Trans-Pacific Partnership trade agreement that was worth more than an estimated 4$ billion to U.S. agriculture.  Trump also intends to renegotiate NAFTA which could cause tensions between the U.S. and Mexico and Canada.  Mexico is the number one customer for U.S. corn and corn-based products.

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