WTO Warns Trade War Between US and China Could Have Severe Economic Impact

A fully-fledged trade war between China and the US would have “a severe impact on the global economy”, the World Trade Organisation head has told the BBC.There was a risk global growth could fall “very quickly”, WTO director-general Roberto Azevedo warned.His comments follow the US and China announcing proposed tariffs against one another, as Washington and Beijing ramp up the rhetoric on trade.The WTO now faced one of its toughest periods, Mr Azevedo said.

Source: WTO: US-China trade war would have ‘severe’ economic impact – BBC News

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.