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

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.