At a time when global trade faces multiple challenges on
its part to recovery,
the World Trade Organization chief has a warning.
WTO Director General NGOs says that former President Donald Trump's
plan to raise tariffs on the US imports will spark
a free fall,
all in the global trading system That,
she argues will render existing rules useless,
hurt every economy. Interestingly, this is the first time that
she's publicly commented on the impact of another Trump presidency
on trade.
Speaking at a forum in Washington,
she said, and I'm quoting here,
I think it will result most likely in a tit
for tat approach.
Other members will also look to levy these kind of
charges in return.
Well, I said that she hopes Trump's tariff plans don't
affect,
don't take effect, calling it a lose lose situation.
But if it does, she urged other WTO members to
keep a cool head and not retaliate.
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