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Global trade losing momentum in third quarter, WTO indicator shows

Reuters UK
Global trade losing momentum in third quarter, WTO indicator shows

GENEVA (Reuters) - Lower export orders and car sales are likely to slow world trade growth in the third quarter, the WTO said, as a global tariff crusade by U.S. President Donald Trump to protect American jobs begins to bite. As the World Trade Organization’s head warned that global trade was threatened, its quarterly outlook indicator - a composite of seven forward-looking indices - dipped to 100.3 from the 101.8 predicted in May for the second quarter. That signaled “an easing of trade growth in the coming months in line with medium-term trends,” it said on Thursday. The latest figures for export orders and cars were 97.2 and 98.1 respectively. Trump has already imposed tariffs on imports of