https://www.live-feeds.com/feed/wto-says-global-trade-system-at-critical-juncture-urges-reformContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/wto-says-global-trade-system-at-critical-juncture-urges-reformhttps://www.live-feeds.com/feed/wto-says-global-trade-system-at-critical-juncture-urges-reform#u72690Thu, 17 Sep 2026 11:02:00 +0000The global trading system sits at a critical juncture, facing fragmentation or the need for a major revamp. The World Trade Organization warns that failure to enact trade reform could cost the global economy 10% of output by 2050. Alternatively, a trade retreat could shrink global gross domestic product by 7% and reduce exports by 27%. The trade body also highlights the most serious and sustained trade disruptions, driven by a prisoner's dilemma dynamic in ongoing trade conflicts.Why it mattersThe World Trade Organization released these stark warnings in its World Trade Report, detailing