{
  "id": 10678675,
  "title": "Global trade weathers Iran, Ukraine and Trump's tariffs",
  "url": "https://urgent.news/2026/09/29/global-trade-weathers-iran-ukraine-and-trumps-tariffs-10678675",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-29T10:35:00.000Z",
  "source": {
    "name": "DW English (Business)",
    "slug": "dw-english-business",
    "url": "https://www.dw.com/en/global-trade-weathers-iran-ukraine-and-trump-s-tariffs/a-79352643?maca=en-rss-en-bus-2091-xml-mrss"
  },
  "original_language": "en",
  "account": "Global trade has weathered recent turmoil stemming from COVID-19, the Trump administration's tariffs, and conflicts in Ukraine and the Middle East. Despite these challenges, global trade volumes rose 4.6% in 2022, driven by demand for advanced technology in artificial intelligence (AI) and other sectors. China remains the world's largest goods exporter, while the United States leads in imports. The European Union ranks second in both categories.\n\nAI-related goods account for about one-sixth of global trade but contribute to half of its growth. However, AI exports may be masking a drop in trade that would otherwise occur, according to Robert Staiger, chief economist at the World Trade Organization (WTO). China dominates AI goods trade, while Africa, Latin America, the Middle East, and most of Europe have limited involvement.\n\nTrump's shift away from WTO rules has led to country-specific tariffs and exemptions with individual nations, with about 72% of goods still trading under WTO terms—down from 80% in 2022. Despite recent geopolitical upheavals, globalization has not reversed course, though it remains unclear whether the world is experiencing deglobalization or merely shifting trading partners.\n\nThe EU has reduced its reliance on Russian energy sources following Russia's invasion of Ukraine, relying more on LNG from the US, Norway, Australia, and Kazakhstan. Iran's blockade of the Strait of Hormuz also disrupted energy supplies, but alternative energy sources and increased production from the US and other nations have helped mitigate the impact.\n\nIf the current situation persists, experts suggest potential alternatives to the WTO, including continued Trump's country-specific tariffs or a web of free trade deals among economic blocs. However, a reformed WTO or a more balanced approach among key nations may be preferred to ensure continued multilateral cooperation.",
  "summary": "Over the past six years, COVID, two wars and Donald Trump's tariffs have shaken world trade. With globalization already stalling, is this a temporary shock or the start of a great reversal?",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "DW English (Top Stories)",
        "title": "Global trade weathers Iran, Ukraine and Trump's tariffs",
        "url": "https://urgent.news/2026/09/29/global-trade-weathers-iran-ukraine-and-trumps-tariffs",
        "published": "2026-09-29T10:35:00.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "Iran tells the US public that Trump’s war has failed, and other Mideast developments",
        "url": "https://urgent.news/2026/09/29/iran-tells-the-us-public-that-trumps-war-has-failed-and-other-mideast",
        "published": "2026-09-29T10:48:33.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "India-Europe trade corridor gets Trump’s backing, but can IMEC survive war?",
        "url": "https://urgent.news/2026/09/29/india-europe-trade-corridor-gets-trumps-backing-but-can-imec-survive",
        "published": "2026-09-29T11:01:25.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "‘Iran not after nuclear weapons’: Iranian Guard Corps spokesperson denies US claim; calls Trump ‘a big liar’",
        "url": "https://urgent.news/2026/09/29/iran-not-after-nuclear-weapons-iranian-guard-corps-spokesperson",
        "published": "2026-09-29T11:36:00.000Z"
      },
      {
        "outlet": "Haaretz",
        "title": "Iran warns region over oil exports as Trump talks with Tehran continue",
        "url": "https://urgent.news/2026/09/29/iran-warns-region-over-oil-exports-as-trump-talks-with-tehran-continue",
        "published": "2026-09-29T12:01:34.000Z"
      },
      {
        "outlet": "The Times of Israel",
        "title": "Iran threatens to attack Mideast infrastructure after Trump dismisses Hormuz proposal",
        "url": "https://urgent.news/2026/09/29/iran-threatens-to-attack-mideast-infrastructure-after-trump-dismisses",
        "published": "2026-09-29T12:08:08.000Z"
      },
      {
        "outlet": "The Hill",
        "title": "On Iran, Greenland and press access, Trump is more talk than action",
        "url": "https://urgent.news/2026/09/29/on-iran-greenland-and-press-access-trump-is-more-talk-than-action",
        "published": "2026-09-29T12:30:00.000Z"
      },
      {
        "outlet": "CBC News",
        "title": "Deloitte Canada cuts GDP forecast by 20% as tariffs grip economy amid Trump's trade war",
        "url": "https://urgent.news/2026/09/29/deloitte-canada-cuts-gdp-forecast-by-20-as-tariffs-grip-economy-amid",
        "published": "2026-09-29T12:53:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}