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Trade War

Global trade war could wipe out 7% of world GDP, Okonjo-Iweala warns Trade War

Global trade war could wipe out 7% of world GDP, Okonjo-Iweala warns

Ngozi Okonjo-Iweala, the director-general of the World Trade Organisation, has warned that further fragmentation of global trade into rival blocs could erase as much as 7 percent of global GDP in the long term, urging countries to resist retaliatory trade measures amid rising geopolitical tensions. Speaking during a fireside chat…
bubmag
July 30, 2026
“We will no longer be able to absorb those costs”: US/Canada trade war spells more bad news for guitarists who love digital effects Trade War

“We will no longer be able to absorb those costs”: US/Canada trade war spells more bad news for guitarists who love digital effects

(Image credit: Future / Olly Curtis) As the trade war escalates between the US and Canada, with the Trump administration applying a 50 percent tariff on selected goods imported from Canada, there will be some knock-on effects on prices paid by American consumers. If you’re buying potash, salmon, and critical…
bubmag
July 24, 2026