Global Trade Outlook 2025: Industry Insights
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Trade
Business leaders worldwide have shared crucial insights with ICC on key trade policy challenges, highlighting the need for predictability in global markets.
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Our recent industry consultations and roundtables reveal pressing concerns from the global business community:
The following key priorities emerged from our consultations and roundtables:
ICC calls for three concrete actions:
Download the full policy brief for more insights from our business consultations.
Connect with our trade experts to share your perspectives or learn more about ICC’s trade initiatives:
Valerie Picard, Head of Trade
Mélanie Laloum, Lead Economist
In a series of high-profile interviews with major media outlets, ICC Secretary General John W. H. Denton AO, has highlighted widespread concerns and uncertainties within the global business community as a result of threatened and imposed US tariff hikes.
Two studies commissioned by ICC and conducted by Oxford Economics highlight the devastating effects of a collapse of the WTO system. The 2024 report shows the severe impact on developing economies across regions. The 2025 follow-up report provides a detailed, country-level analysis across ten developing economies — Brazil, Cameroon, China, Egypt, Guatemala, India, Indonesia, South Africa, Türkiye, and Vietnam — confirming how a breakdown of the WTO would have damaging country-level consequences.
New ICC analysis examines the economic implications of proposals to establish a trade system limited to democratic nations, finding such plans would trigger a tariff shock three times larger than the Smoot-Hawley Tariff Act of 1930 that significantly impacted global trade by raising US import duties on a wide range of goods.
ICC has proposed a framework that sets out a holistic vision for reform of the World Trade Organization (WTO) from the perspective of the global business community. Such a framework is necessary to ensure a comprehensive approach to reform across the three vital functions of the organisation.