India, April 18 -- The first institutional assessment of the economic disruption of US President Donald Trump's tariffs is now out. World Trade Organization's (WTO) Global Trade Outlook for 2025 expects a 0.2% contraction in world trade. The contraction could become as high as 1.5% if Trump were to bring back his reciprocal tariffs and trade policy uncertainty were to worsen, the WTO believes. In a world without Trump's trade wars, global trade would have grown by 2.5% in 2025. The trade wars are also likely to take away 0.6 percentage points from global GDP growth, which is now likely to be 2.2%, the WTO believes. To be sure, it is the tone rather than projections of the report that should cause more alarm. The current shock to the system, the WTO has said, has no parallels in recent history, and uncertainty will weigh on everybody's minds, be it households deciding consumption or businesses making investments....