Reducing volumes of export orders and automobiles will most likely result in global trade slowdown in third quarter, Reuters informs with the refence to World Trade Organization (WTO). Policy of US President in regards to global tariffs aimed to protect jobs in the US led to such consequences.

WTO's indicator of quarterly outlook fell from 101,8 in May to 100,3. Such tendency is observed during two quarters in a row. Measures for export orders and cars were 97,2 and 98,1 correspondingly.

Director of WTO notes that global trade is under threat now, even though current situation might not be called a full-scale trade war. Mutual warnings on tariffs implementation cannot be a norm and will mostly hit poorest.