The head of the World Trade Organization told member states on Thursday that it had received "many" questions about the impact of U.S. President Donald Trump's tariffs on trade and would respond to their questions,
Ngozi Okonjo-Iweala warned that the new tariffs announced by the United States along with those introduced at the start
The WTO chief highlighted a concerning decline in the share of global trade conducted under the organization’s Most-Favored-Nation (MFN) terms, which has dropped from around 80% at the beginning of the year to approximately 74% following recent trade measures.
New US tariffs could reduce global merchandise trade volumes by around 1% this year, says the World Trade Organization. WTO director-general Ngozi Okonjo-Iweala warns of potential tariff war and economic fallout.
WTO staff comfort themselves that the Trump administration, which quickly announced its plan to quit the World Health Organization, has not so far said it will leave the trade body. Looking ...
After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures would "have substantial implications for global trade and economic growth prospects".
China responded to US President Donald Trump's new customs duties by measures such as imposing the same 34% tariff rate on bilateral trade, expanding export controls and filing a suit with the World Trade Organization.
Geneva - Relations between Morocco and the World Trade Organization (WTO) and the future of international trade in relation to investment and employment were the focus of a meeting on Thursday in Geneva between Morocco's minister for Economic Inclusion,